Summary: S.2480 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for S.2480. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/07/1988)

Public and Tax-Exempt Employees Deferred Compensation Act of 1988 - Amends Internal Revenue Code accounting rules governing the year of inclusion of compensation deferred under qualified plans of State and local governments and of private tax-exempt organizations. Declares the rules to be inapplicable to both nonelective deferred compensation and basic employee benefits, including bona fide vacation plans, sick leave plans, sabbatical leave, and similar benefits.