[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3831 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3831

  To amend the Internal Revenue Code of 1986 to include certain safe 
harbor deferred compensation plans for domestic and similar workers in 
         the waiver of the tax on nondeductible contributions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 20, 2005

 Mr. Gerlach introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to include certain safe 
harbor deferred compensation plans for domestic and similar workers in 
         the waiver of the tax on nondeductible contributions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    (a) Short Title.--This Act may be cited as the ``Household Employee 
Flexible Savings Plan Act of 2005''.

SEC. 2. WAIVER OF TAX ON NONDEDUCTIBLE CONTRIBUTIONS FOR DOMESTIC OR 
              SIMILAR WORKERS.

    (a) In General.--Subparagraph (B) of section 4972(c)(6) of the 
Internal Revenue Code of 1986 is amended to read as follows:
                    ``(B) so much of the contributions to--
                            ``(i) a simple retirement account (within 
                        the meaning of section 408(p)),
                            ``(ii) a simple plan (within the meaning of 
                        section 401(k)(11)), or
                            ``(iii) a cash or deferred arrangement 
                        which meets the requirements of section 
                        401(k)(12),
                which are not deductible when contributed solely 
                because such contributions are not made in connection 
                with a trade or business of the employer.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the amendments made to such section by the 
Economic Growth and Tax Relief Reconciliation Act of 2001.
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