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- S.1239
S.1239: LOSAP CAP Act
About This Bill
- Introduced May 25, 2017
- Latest Major Action May 25, 2017
Bill Sponsor
Bill Version
- Introduced in Senate - May 25, 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 |
---|---|
May 25, 2017 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3216-3217)
|
May 25, 2017 |
Introduced in the Senate by Susan Collins (R-Maine) |