Sec. 304. Limit on teaching compensation of retired judges
134 words·~1 min read·
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Section 7447 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: For purposes of the limitation under section 501(a) of the Ethics in Government Act of 1978 (5 U.S.C. App.), any compensation for teaching approved under section 502(a)(5) of such Act shall not be treated as outside earned income when received by a judge of the United States Tax Court who has retired under subsection
(b)for teaching performed during any calendar year for which such a judge has met the requirements of subsection (c), as certified by the chief judge. . The amendment made by this section shall apply to any individual serving as a retired judge of the United States Tax Court on or after the date of the enactment of this Act.