HR 1587
102th Congress
House
Taxation
Income tax
Individual retirement accounts
Tax exclusion
Tax-deferred compensation plans
Unemployed
To amend the Internal Revenue Code of 1986 to provide that certain distributions to unemployed individuals will not be subject to the additional tax on early distributions from qualified retirement plans.
Introduced: March 21, 1991
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 1991
Referred to the House Committee on Ways and Means.
Mar 21, 1991
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow penalty-free withdrawals from retirement plans by certain individuals who are unemployed.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1