H.R.1762 - To amend the Internal Revenue Code of 1986 to deny Federal tax return information to States which impose an income tax on the pension income of individuals who are neither residents nor domiciliaries of the State.104th Congress (1995-1996)
|Sponsor:||Rep. Ensign, John [R-NV-1] (Introduced 06/07/1995)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/12/1995 Committee Hearings Held. (All Actions)|
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Text: H.R.1762 — 104th Congress (1995-1996)All Information (Except Text)
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Introduced in House (06/07/1995)
[Congressional Bills 104th Congress] [From the U.S. Government Printing Office] [H.R. 1762 Introduced in House (IH)] 104th CONGRESS 1st Session H. R. 1762 To amend the Internal Revenue Code of 1986 to deny Federal tax return information to States which impose an income tax on the pension income of individuals who are neither residents nor domiciliaries of the State. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 7, 1995 Mr. Ensign (for himself, Mrs. Vucanovich, Mr. Calvert, Mr. Fox of Pennsylvania, Mr. McDermott, Mr. Doolittle, Mr. Christensen, Mr. Hastings of Washington, Mr. Schiff, and Mr. Browder) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to deny Federal tax return information to States which impose an income tax on the pension income of individuals who are neither residents nor domiciliaries of the State. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. DENIAL OF TAX INFORMATION TO STATES TAXING PENSION INCOME OF INDIVIDUALS WHO ARE NEITHER RESIDENTS NOR DOMICILIARIES OF THE STATE. (a) In General.--Subsection (d) of section 6103 of the Internal Revenue Code of 1986 (relating to disclosure to State tax officials and State and local law enforcement agencies) is amended by adding at the end the following new paragraph: ``(5) Denial of information to states which impose pension source tax.-- ``(A) In general.--No returns or return information may be disclosed under paragraph (1) to any agency, body, or commission of a State (or any legal representative thereof) during any period that such State imposes a pension source tax. ``(B) Pension source tax.--For purposes of subparagraph (A), the term `pension source tax' means any tax on the retirement income of any individual who is neither a resident nor a domiciliary of such State. ``(C) Retirement income.--The term `retirement income' means any income from-- ``(i) a qualified retirement plan (as defined in section 4974(c)), ``(ii) a simplified employee pension (as defined in section 408(k) of such Code); ``(iii) an eligible deferred compensation plan (as defined in section 457 of such Code); ``(iv) a governmental plan (as defined in section 414(d) of such Code); ``(v) a trust described in section 501(c)(18) of such Code; or ``(vi) a nonqualified deferred compensation plan (as defined in section 3121(v)(2)(C) of such Code). Such term includes any retired or retainer pay of a member or former member of a uniform service computed under chapter 71 of title 10, United States Code.'' (b) Technical Amendment.--Subparagraph (B) of section 6103(b)(5) of such Code is amended by striking ``(d)(1)'' and inserting ``(d)''. (c) Effective Date.-- (1) In general.--The amendments made by this section shall take effect on the day after the close of the 1-year period beginning on the date of the enactment of this Act. (2) Coordination with state legislatures.--In no event shall the 1-year period referred to in paragraph (1) end with respect to any State before the earlier of-- (A) the close of the first session of the State legislature which begins after the date of the enactment of this Act, or (B) the close of a session of the State legislature which begins before such date and remains in session for at least 25 calendar days after such date. (3) Special rules.--For purposes of paragraph (2)-- (A) In the case of a State which has a 2-year legislative session, each year of such session shall be treated as a separate regular session of the State legislature. (B) The term ``State'' has the meaning given to such term by section 6103(b)(5) of the Internal Revenue Code of 1986. <all>