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- H.R.1720
H.R.1720: LOSAP CAP Act
About This Bill
- Introduced March 24, 2017
- Latest Major Action March 24, 2017
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Version
- Introduced in House - March 24, 2017
Bill Summary
Length of Service Award Program Cap Adjustment Priority Act or the LOSAP CAP Act This bill amends the Internal Revenue Code, with respect to deferred compensation plans, to increase the limit on accruals that is required for length of service award plans (LOSAPs) for bona fide volunteers to be exempt from treatment as a deferred compensation plan. (Under current law, plans paying solely length of service awards to bona fide volunteers or...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 24, 2017 |
Referred to the House Committee on Ways and Means.
|
| March 24, 2017 |
Introduced in the House by Peter T. King (R-N.Y.) |