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S 718 99th Congress Senate Taxation Income tax Individual retirement accounts Tax-deferred compensation plans

A bill to amend the Internal Revenue Code of 1954 to repeal the 10-percent additional tax on distributions (other than required distributions) from an individual retirement account.

Introduced: March 20, 1985 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Mar 25, 1985
Committee on Finance requested executive comment from OMB, Treasury Department.
Mar 20, 1985
Introduced in Senate
Mar 20, 1985
Read twice and referred to the Committee on Finance.
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to repeal the ten percent additional tax on early distributions (other than required distributions) from an individual retirement account.

What's happening now March 25, 1985

Committee on Finance requested executive comment from OMB, Treasury Department.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 22, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). S. 718: A bill to amend the Internal Revenue Code of 1954 to repeal the 10-percent additional tax on distributions (other than required distributions) from an individual retirement account.. 99th Congress. Open America. https://openamerica.io/bill/99-S-718/
MLA
"S. 718: A bill to amend the Internal Revenue Code of 1954 to repeal the 10-percent additional tax on distributions (other than required distributions) from an individual retirement account.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-718/.
Bluebook (legal)
S. 718, 99th Cong. (2026), https://openamerica.io/bill/99-S-718/.
Markdown link
[S. 718: A bill to amend the Internal Revenue Code of 1954 to repeal the 10-percent additional tax on distributions (other than required distributions) from an individual retirement account.](https://openamerica.io/bill/99-S-718/)
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