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HR 4529 102th Congress House Taxation Income tax Individual retirement accounts Tax exclusion Tax penalties Tax-deferred compensation plans Unemployed Unemployment insurance

To amend the Internal Revenue Code of 1986 to provide that distributions to unemployed individuals from individual retirement accounts will not be subject to the additional tax on early distributions.

Introduced: March 20, 1992 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 1992
Referred to the House Committee on Ways and Means.
Mar 20, 1992
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow penalty-free distributions from retirement plans to individuals during any period for which such individuals: (1) are receiving unemployment compensation; and (2) would have been entitled to unemployment compensation, but for termination of the period during which compensation was payable or exhaustion of such individual's rights to compensation.

What's happening now March 20, 1992

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1