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HomeMy WebLinkAboutMINUTES - 06071988 - 1.71 R TOBdARD OF SUPIERVISORS FROM: Phil Batchelor CzItra County Administrator C )sta DATE: May 26 , 1988 Cay �/ SUBJECT: �" ,l� Legislation: HR 3312 (Matsui) SPECIFIC REQUEST(S) OR RECOMMENDATION S) & BACKGROUND AM JUSTIFICATION RECOMMENDATIONS: 1 . Oppose Internal Revenue Service notice 87-13 which interprets Section 457 of the Internal Revenue Code and, instead, support HR 3312 by Congressman Matsui which specifies that non-elective benefits are to be taxed when taken rather than when accrued. . 2 . Direct the County Administrator to transmit the Board' s position on this issue to Congressmen Matsui, Miller and Dellums. BACKGROUND: Under federal law, as it existed prior to the Tax Reform Act of 1986 , non-elective benefits, such as sick leave and vacation, were taxed as ordinary income only when taken. The IRS has interpreted changes included in the 1986 Tax Reform Act as requiring that such benefits be taxed when accrued rather than when taken. This would mean that the Auditor-Controller would have to determine as of December 31st each year the as yet untaxed value of accrued vacation and sick leave and tax them as income. This is inequitable as well as an overwhelming administrative headache. Any vacation or sick leave accrued during a calendar year would have to be separately calculated and taxed. Whenever any of this time is taken off in a future year, it would have to be exempted from taxes. Each year the Auditor would have to distinguish accrued time which has not been taxed from that which has already been taxed in a prior year and then tax the new accruals. Likewise whenever any vacation or sick leave is taken, the Auditor would have to determine whether those specific hours . had already been taxed or not and then treat the time accordingly. This interpretation is inequitable because in many cases an employee may actually lose vacation time because of the limit of two years on the maximum time an employee can accrue vacation time. In addition, many employees resign without using some or CONTINUED ON ATTACHMENT: YES SIGNATURE; &M� _X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE - _� APPROVE OTHER S1GNATUR E(S)' ACTION OF BOARD ON June 7, 1988 - APPROVED AS RECOMMENDED OTHER _ VOTE OF SUPERVISORS 1 HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN AYES; NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DryAT•�E SHOWN. CC: County Administrator ATTESTED UN ` f�s� County Audi tor-Controller PHIL BATCHELOR, CLERK OF THE BOARD OF SUPERVISORS AND COUNTY ADMINISTRATOR V l�yC M382/7-83 BY DEPUTY Page 2 all of their sick leave and thereby lose it. Therefore, taxing benefits which an employee may never use is exceedingly unfair. In addition, under current practice, time accrued at one pay rate is taxed at the rate the employee is entitled to when the time is taken. As a result, the federal government could actually lose tax revenue by taxing the benefits at the time they are accrued rather than when they are taken. Congressman Matsui has introduced HR 3312 in order to clarify that it is the Congress ' s intent to make all non-elective benefits tax exempt until they are utilized. Both on the basis of the inequity of the current interpretation and because of the administrative headache involved, the Auditor-Controller and this office urge the Board to support HR 3312 and oppose the Internal Revenue Service interpretation of Section 457 of the Internal Revenue Code.