[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1366 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1366

To amend the Internal Revenue Code of 1986 to broaden the special rules 
 for certain governmental plans under section 105(j) to include plans 
                 established by political subdivisions.


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                   IN THE SENATE OF THE UNITED STATES

                             July 13, 2011

 Ms. Cantwell (for herself, Mr. Crapo, and Mrs. Murray) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to broaden the special rules 
 for certain governmental plans under section 105(j) to include plans 
                 established by political subdivisions.

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

SECTION 1. EXPANSION OF APPLICATION OF SPECIAL RULES FOR CERTAIN 
              GOVERNMENTAL PLANS TO INCLUDE PLANS ESTABLISHED BY 
              POLITICAL SUBDIVISIONS.

    (a) In General.--Section 105(j)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) by inserting ``or established by or on behalf of a 
        State or political subdivision thereof'' after ``public 
        retirement system'', and
            (2) by inserting ``or 501(c)(9)'' after ``section 115'' in 
        subparagraph (B) thereof.
    (b) Effective Date.--The amendments made by this section shall 
apply to payments after the date of the enactment of this Act.
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