HR 1094
103th Congress
House
Taxation
Income tax
Individual retirement accounts
Tax deductions
Tax penalties
Tax-deferred compensation plans
Unemployed
Unemployment insurance
To amend the Internal Revenue Code of 1986 to provide that distributions to involuntarily unemployed individuals from individual retirement accounts will not be subject to the additional tax on early distributions.
Introduced: February 24, 1993
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 1993
Referred to the House Committee on Ways and Means.
Feb 24, 1993
Sponsor introductory remarks on measure. (CR E437)
Feb 24, 1993
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exempt from the additional tax on early distributions from retirement plans distributions to involuntarily unemployed individuals.
Provides a method for such individuals to recontribute distributions and makes the recontributions deductible.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1