S. 69 — A bill to amend the Internal Revenue Code of 1986 to repeal the basis recovery rule for pension plans.

Summary

Amends the Internal Revenue Code to allow the use of the three-year basis recovery rule in computing the amount of an employee's retirement benefits includible in gross income.

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Legislative Actions

1987-01-06
Introduced in Senate
1987-01-06
Read twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 to repeal the basis recovery rule for pension plans.

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Summary

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