,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #chib  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #bh1        
#bjag,mrs4 ,walorski 7= h]self & ,mr4   
,c>son ( ,indiana7 introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
provide an exception = c]ta9 spun-(f    
volunt>y employees' b5efici>y           
associations to ! limitation on !       
exemption f tax on unrelat$ bus9ess     
taxable income ( am\nts set aside =     
qualifi$ b5efits4  #a4 ,exception f tax 
on unrelat$ bus9ess taxable income =    
c]ta9 spun-(f volunt>y employees'       
b5efici>y associations  7a7 ,9 g5]al    
,section #eab7;a77#c77;,e7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new clause3  7iv7     
,c]ta9 spun-(f volunt>y employees'      
b5efici>y associations ,?is subp>agraph 
%all n apply to any volunt>y employees' 
b5efici>y association describ$ 9 section
 #eja7;c77#i7 = any taxable ye> if--    

7,i7 su* organization 0 orig9ally       
e/abli%$ be=e ! date ( ! enactm5t ( ?is 
clause by an employ] to provide b5efits 
describ$ 9 section #eja7;c77#i7 =       
eligible employees & retirees & _!      
dep5d5ts & b5efici>ies1  7,,ii7 ! only  
b5efits provid$ by su* organization are 
po/-retirem5t m$ical & life b5efits1    
7,,iii7 su* employ] has 7be=e ! beg9n+ (
 su* taxable ye>7 delegat$ all au?ority 
& responsibility ) respect to su*       
organization to "o or m indep5d5t p]sons
 :o d n h an employm5t relation%ip ) !  
memb]s entitl$ to b5efits f su*         
organization1  7,,iv7 no memb] entitl$  
to b5efits f su* organization is entitl$
 to b5efits f any o!r organization      
describ$ 9 section #eja7;c77#i7 z a     
result ( employm5t ) su* employ]1 &     
7,v7 su* employ]1 z ( ! close ( su*     
taxable ye>1 has no obligation to make  
any contribution to su* organization &  
has n made a contribution to su*        
organization at any "t dur+ !           
#aa-taxable-ye> p]iod end+ ) su* taxable

 ye>4  4  7b7 ,effective date ,! am5dm5t
 made by ?is section %all apply to      
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjag4