HR 1022
102th Congress
House
Taxation
Home ownership
Housing finance
Income tax
Individual retirement accounts
Tax exclusion
Tax-deferred compensation plans
Homebuyers Relief Act of 1991
Introduced: February 20, 1991
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 20, 1991
Referred to the House Committee on Ways and Means.
Feb 20, 1991
Introduced in House
Plain-English summary
Homebuyers Relief Act of 1991 - Amends the Internal Revenue Code to exclude from gross income certain retirement plan (such as individual retirement accounts and defined contribution plans) distributions used for a first-time home purchase.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1