An Act To amend title 5, United States Code, to make clear that accounts in the Thrift Savings Fund are subject to certain Federal tax levies. [Slip Law] AE 2.110:112-267

0.2 MB·English

by  The United States

126 STAT. 2440 PUBLIC LAW 112–267—JAN. 14, 2013
Public Law 112–267
112th Congress
An Act
Jan. 14, 2013 To amend title 5, United States Code, to make clear that accounts in the Thrift
[H.R. 4365] Savings Fund are subject to certain Federal tax levies.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. AMENDMENTS.
Section 8437(e)(3) of title 5, United States Code, is amended
in the first sentence—
(1) by striking ‘‘659)’’ and inserting ‘‘659),’’; and
(2) by striking the period at the end and inserting the
following: ‘‘, and shall be subject to a Federal tax levy under
section 6331 of the Internal Revenue Code of 1986.’’.
5 USC 8437 note. SEC. 2. DISPOSITION OF AMOUNTS.
Any potential revenue gain attributable to the enactment of
this Act, as determined by the Director of the Congressional Budget
Office—
(1) shall be deposited in the general fund of the Treasury
of the United States; and
(2) shall be used solely for purposes of deficit reduction.
Approved January 14, 2013.
LEGISLATIVEHISTORY—H.R. 4365:
HOUSE REPORTS: No. 112–630 (Comm. on Oversight and Government Reform).
CONGRESSIONAL RECORD:
S Vol. 158 (2012): July 31, Aug. 1, considered and passed House.
AW Vol. 158 (2013): Jan. 1, considered and passed Senate.
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