Amends the Internal Revenue Code to exempt: (1) participants in church pension plans who are not highly compensated employees from certain defined benefit plan limitations; and (2) church-maintained retirement income accounts from the tax on unrelated debt-financed income from real property interests.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S135)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S135-136)
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