109 HR 4019 IH: To amend title 4 of the United States Code to clarify the treatment of self-employment for purposes of the limitation on State taxation of retirement income. U.S. House of Representatives 2005-10-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 1st Session H. R. 4019 IN THE HOUSE OF REPRESENTATIVES October 7, 2005 Mr. Cannon introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 4 of the United States Code to clarify the treatment of self-employment for purposes of the limitation on State taxation of retirement income.

1.

Clarification of treatment of self-employment for purposes of the limitation on state taxation of retirement income

(a)

In general

Section 114(b)(1)(i) of title 4, United States Code, is amended by— (1)inserting and any plan, program, or arrangement providing for retirement benefits to a retired partner (treated as such under applicable tax laws) after section 3121(v)(2)(C) of such Code, (2)inserting which may include income described in subparagraphs (A) through (H) after (not less frequently than annually, and (3)adding at the end the following: The fact that benefits may be adjusted from time to time pursuant to the plan to limit total disbursements under a predetermined formula, or to provide cost of living or similar adjustments, will not cause the period benefits provided under the plan to fail the substantially equal period payments test.. (b)

Application

The amendments made by this section apply to amounts received after December 31, 1995.