JCT Report: Securing a Strong Retirement Act of 2021 Chairman’s Amendent (IRC §401)

May 4, 2021, 5:00 AM

Description of Chairman’s amendment in the nature of a substitute to H.R. __, Securing a Strong Retirement Act of 2021, provided in a Joint Committee on Taxation report released May 4. The bill is scheduled for markup May 5 by the House Ways and Means Committee. The amendments, semantic in nature, impact the retroactive first-year elective deferrals for sole proprietors and the effective date of section 604 of the bill, relating to the optional treatment of employer matching contributions as Roth contributions, the JCT provided. [JCX-23-21 (May 4, 2021)]

View JCX-23-21.

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