H.R.5365 - To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes.108th Congress (2003-2004)
|Sponsor:||Rep. English, Phil [R-PA-3] (Introduced 11/16/2004)|
|Committees:||House - Ways and Means; Education and the Workforce|
|Latest Action:||12/21/2004 Became Public Law No: 108-476. (TXT | PDF) (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.5365 — 108th Congress (2003-2004)All Information (Except Text)
Public Law No: 108-476 (12/21/2004)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1, 2003, shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code.
Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.