HR 615
105th Congress
House
Taxation
Annuities
Income tax
Individual retirement accounts
Labor and Employment
Pension funds
Personal income tax
Tax exclusion
Tax penalties
Tax-deferred compensation plans
Unemployed
Unemployment insurance
To amend the Internal Revenue Code of 1986 to allow expanded penalty-free withdrawals from certain retirement plans during periods of unemployment.
Introduced: February 5, 1997
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 5, 1997
Referred to the House Committee on Ways and Means.
Feb 5, 1997
Sponsor introductory remarks on measure. (CR E173-174)
Feb 5, 1997
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exempt from the additional tax on early distribution from retirement plans distributions to individuals during periods of unemployment.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1