This bill amends the Internal Revenue Code to specify that a retirement income account provided by a church or a convention or association of churches may cover: (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches; and (3) certain employees who have been separated from service with a church, a convention or association of churches, or an organization described above.
Action Date | Type | Text | Source |
---|---|---|---|
2017-03-21 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
2017-03-21 | IntroReferral | Introduced in Senate | Library of Congress |