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HR 1074 102th Congress House Taxation Educational finance Health Higher education Home ownership Housing finance Income tax Individual retirement accounts Medical economics Tax deductions

Individual Retirement Options Improvement Act of 1991

Introduced: February 21, 1991 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 21, 1991
Referred to the House Committee on Ways and Means.
Feb 21, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Individual Retirement Options Improvement Act of 1991 - Amends the Internal Revenue Code to exempt from the ten percent penalty tax on early distributions from qualified retirement plans: (1) first-time homebuyer distributions; (2) qualified higher education expenses; and (3) qualified catastrophic illness expenses.

Allows an additional deduction for 50 percent of the contributions made to individual retirement plans.

What's happening now February 21, 1991

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Kaptur, Marcy
Ohio · Apr 23, 1991
 D
Reed, Jack
Rhode Island · Mar 7, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1074: Individual Retirement Options Improvement Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-1074/
MLA
"H.R. 1074: Individual Retirement Options Improvement Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-1074/.
Bluebook (legal)
H.R. 1074, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-1074/.
Markdown link
[H.R. 1074: Individual Retirement Options Improvement Act of 1991](https://openamerica.io/bill/102-HR-1074/)
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