Text: H.R.214 — 101st Congress (1989-1990)All Information (Except Text)

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HR 214 IH
101st CONGRESS
1st Session
 H. R. 214
To amend title 5, United States Code, to restore the 3-year basis recovery
rule with respect to annuities under chapters 83 and 84 of such title for
Federal income tax purposes.
IN THE HOUSE OF REPRESENTATIVES
January 3, 1989
Ms. OAKAR introduced the following bill; which was referred jointly to the
Committees on Post Office and Civil Service and Ways and Means
A BILL
To amend title 5, United States Code, to restore the 3-year basis recovery
rule with respect to annuities under chapters 83 and 84 of such title for
Federal income tax purposes.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
  (a)(1) Subchapter III of chapter 83 of title 5, United States Code, is
  amended by adding at the end the following:
`Sec. 8352. Three-year basis recovery rule
  `Notwithstanding any provision of the Tax Reform Act of 1986 and any
  amendment made by such Act, the Internal Revenue Code of 1986 shall
  be applied and administered with respect to any amount paid under this
  subchapter for any period beginning after the date of the enactment of
  this section as if section 72(d) of the Internal Revenue Code of 1954 and
  never been repealed.'.
  (2) The analysis for chapter 83 of title 5, United States Code, is amended
  by adding at the end the following:
`8352. Three-year basis recovery rule.'.
  (b)(1) Subchapter VI of chapter 84 of title 5, United States Code, is
  amended by adding at the end the following:
`Sec. 8470a. Three-year basis recovery rule
  `Notwithstanding any provision of the Tax Reform Act of 1986 and any
  amendment made by such Act, the Internal Revenue Code of 1986 shall
  be applied and administered with respect to any amount paid under this
  chapter for any period beginning after the date of the enactment of this
  section as if section 72(d) of the Internal Revenue Code of 1954 had never
  been repealed.'.
  (2) The analysis for chapter 83 of title 5, United States Code, is amended
  by adding after the item relating to section 8470 the following:
`8470a. Three-year basis recovery rule.'.