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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…

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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
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 August 19, 1982

See H.R.4961.

 Related & companion bills 1
  • HR 4961 Related bill Tax Equity and Fiscal Responsibility Act of 1982
 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5715: 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.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-5715/
MLA
"H.R. 5715: 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.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-5715/.
Bluebook (legal)
H.R. 5715, 97th Cong. (2026), https://openamerica.io/bill/97-HR-5715/.
Markdown link
[H.R. 5715: 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.](https://openamerica.io/bill/97-HR-5715/)
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