HR 5790
102th Congress
House
Taxation
Annuities
Income tax
Individual retirement accounts
Labor and Employment
Tax exclusion
Tax-deferred compensation plans
Withholding tax
To repeal the mandatory 20 percent income tax withholding on eligible rollover distributions which are not rolled over.
Introduced: August 6, 1992
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 6, 1992
Referred to the House Committee on Ways and Means.
Aug 6, 1992
Introduced in House
Plain-English summary
Repeals provisions of the Unemployment Compensation Amendments of 1992 which require 20 percent income tax withholding on eligible rollover distributions of pension plans which are not rolled over into eligible retirement plans. Requires the Internal Revenue Code to be applied as if such provisions had never been enacted.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1