To amend the Internal Revenue Code of 1986 to clarify that certain options offered by tax-exempt organizations are not includible in gross income under section 457(f).

H.R. 1100 aims to change how certain stock options are taxed for employees of state and local governments and non-profit organizations. Under this bill, these specific investment options would not be counted as taxable income at the time they are granted if their market value cannot be easily determined. This change would allow these public and tax-exempt employees to defer paying taxes on these benefits until the options are actually exercised or sold, aligning their tax treatment more closely with employees in the private sector.