HR 5715
97th Congress
House
Taxation
Income tax
Individual retirement accounts
Retirement income
Tax deductions
A bill to amend the Internal Revenue Code of 1954 to permit the tax-free rollover of partial distributions from qualified employer plans by increasing the limitations on the deduction for retirement savings.
Introduced: March 3, 1982
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 19, 1982
See H.R.4961.
Mar 3, 1982
Referred to House Committee on Ways and Means.
Mar 3, 1982
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow an income tax deduction for the rollover of partial distributions from qualified employer and government pension plans into an individual retirement account.
Limits such deduction to the extent the amount of the distribution is includible in the gross income of the taxpayer.
What's happening now
See H.R.4961.
Committees of jurisdiction
1