HR 2063
109th Congress
House
Taxation
Annuities
Employee health benefits
Health
Income tax
Individual retirement accounts
Labor and Employment
Medical savings accounts
Pension funds
Tax exclusion
Tax penalties
Tax-deferred compensation plans
To amend the Internal Revenue Code of 1986 to permit one-time, tax-free distributions from retirement plans to fund health savings accounts.
Introduced: May 3, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 3, 2005
Referred to the House Committee on Ways and Means.
May 3, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exclude from the gross income of an employee covered under a high deductible health care plan a distribution from such employee's qualified retirement plan to fund a health savings account. Exempts such a distribution from the 10 percent penalty on early distributions from qualified retirement plans.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1