S. 674Senate115th Congress (2017-2019)In Committee

A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church controlled organizations.

AI-Generated Summary

Updated April 15, 2026 at 1:57 PM UTC

This bill updates the tax code to make clear which employees of church‑controlled organizations can participate in certain retirement income accounts. It adds language to the rules for 403(b) plans so that a specific type of employee, defined elsewhere in the code, is explicitly covered. The change applies to all tax years, past and future, affecting churches and their affiliated entities that offer retirement benefits.

Key Provisions

Amends IRC §403(b)(9)(B) to insert the phrase “(including an employee described in section 414(e)(3)(B))” after the existing reference to “employee described in paragraph (1)”.
Specifies that the amendment applies to years beginning before, on, or after the enactment date, making the clarification retroactive and forward‑looking.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

March 21, 2017

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SenateIntro Referral

Introduced in Senate

March 21, 2017

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

March 21, 2017

Bill Text

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Introduced in SenateIssued March 21, 2017

115th CONGRESS

1st Session

S. 674

IN THE SENATE OF THE UNITED STATES

March 21, 2017

Mr. Cardin (for himself, Mr. Crapo, and Mr. Roberts) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church controlled organizations.

Clarification of retirement income account rules relating to church-controlled organizations

(a)

In general

Subparagraph (B) of section 403(b)(9) of the Internal Revenue Code of 1986 is amended by inserting (including an employee described in section 414(e)(3)(B)) after employee described in paragraph (1).

(b)

Effective date

The amendment made by this section shall apply to years beginning before, on, or after the date of the enactment of this Act.