H.R.4019 - To amend title 4 of the United States Code to clarify the treatment of self-employment for purposes of the limitation on State taxation of retirement income.109th Congress (2005-2006)
|Sponsor:||Rep. Cannon, Chris [R-UT-3] (Introduced 10/07/2005)|
|Committees:||House - Judiciary | Senate - Finance|
|Committee Reports:||H. Rept. 109-542|
|Latest Action:||08/03/2006 Became Public Law No: 109-264. (TXT | PDF)|
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.4019 — 109th Congress (2005-2006)All Bill Information (Except Text)
Public Law No: 109-264 (08/03/2006)
(This measure has not been amended since it was reported to the House on June 29, 2006. The summary of that version is repeated here.)
Amends federal law provisions which prohibit states from taxing the retirement income of nonresidents to include a prohibition on taxing retirement income paid by a partnership to a nonresident retired partner under any written plan, program, or arrangement in effect immediately before retirement begins. Makes such amendment applicable to retirement income received after December 31, 1995.
Provides that certain adjustments to retirement payments under pension or deferred compensation plans, including cost-of-living adjustments, shall not disqualify such plans under the "substantially equal periodic payments" test.