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- S.5125
S.5125: Family Attribution Modernization Act
About This Bill
- Introduced Nov. 17, 2022
- Latest Major Action Nov. 17, 2022
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Nov. 17, 2022
Bill Summary
Family Attribution Modernization Act This bill modifies family attribution rules for purposes of tax-exempt pension and profit sharing plans (e.g., 401k retirement plans) to provide that (1) community property laws shall be disregarded for purposes of determining ownership under attribution rules, and (2) attribution is eliminated for spouses and minor children under certain circumstances. The family attribution rule treats an individual...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Nov. 17, 2022 |
Read twice and referred to the Committee on Finance.
|
| Nov. 17, 2022 |
Introduced in the Senate by Mark Kelly (D-Ariz.) |