A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-controlled organizations.

II 116TH CONGRESS 1ST SESSION S. 836 To amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-controlled organizations. IN THE SENATE OF THE UNITED STATES MARCH 14, 2019 Mr. ROBERTS (for himself, Mr. CARDIN, Mr. CRAPO, Ms. KLOBUCHAR, and Mr. PERDUE) introduced the following bill; which was read twice and re- ferred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church- controlled organizations. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. CLARIFICATION OF RETIREMENT INCOME AC- 3 COUNT RULES RELATING TO CHURCH-CON- 4 TROLLED ORGANIZATIONS. 5 (a) IN GENERAL.—Subparagraph (B) of section 6 403(b)(9) of the Internal Revenue Code of 1986 is amend- 7 ed by inserting ‘‘(including an employee described in sec- 8 VerDate Sep 11 2014 23:27 Apr 01, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S836.IS S836 pamtmann on DSKBFK8HB2PROD with BILLS 2 •S 836 IS tion 414(e)(3)(B))’’ after ‘‘employee described in para- 1 graph (1)’’. 2 (b) EFFECTIVE DATE.—The amendment made by 3 this section shall apply to years beginning before, on, or 4 after the date of the enactment of this Act. 5 Æ VerDate Sep 11 2014 23:27 Apr 01, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S836.IS S836 pamtmann on DSKBFK8HB2PROD with BILLS