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- S.3453
S.3453: A bill to provide an exception from the payout requirements established for certain section 501(c)(3) type III supporting organizations under section 1241(d) of the Pension Protection Act of 2006.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about labor and employment
- Introduced May 28, 2010
- Latest Major Action May 28, 2010
Bill Sponsor
Bill Summary
Amends the Pension Protection Act of 2006 to exempt certain type III supporting organizations from the payout requirements that such organizations, to stay exempt from federal taxation, must make distributions of a percentage of either income or assets to supported organizations in order to ensure that a significant amount is paid to such organizations. Limits such exemption to type III supporting organizations classified as such before August...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
|
| May 28, 2010 |
Introduced in the Senate by Bill Nelson (D-Fla.) |