To amend the Internal Revenue Code of 1986 to provide that distributions to involuntarily unemployed individuals from individual retirement accounts will not be subject to the additional tax on early distributions.

referredUnited States· United States Congress· EN

Introduced

24 February 1993

Last action

24 February 1993 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Dixon, Julian C. [D-CA-32], Rep. Rangel, Charles B. [D-NY-15], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Hilliard, Earl F. [D-AL-7], Rep. Dellums, Ronald V. [D-CA-9], Rep. Frank, Barney [D-MA-4], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Jefferson, William J. [D-LA-2], Rep. Minge, David [D-MN-2], Rep. Kopetski, Mike [D-OR-5], Rep. Frost, Martin [D-TX-24], Rep. Hobson, David L. [R-OH-7], Rep. Barrett, Thomas M. [D-WI-5], Rep. Gunderson, Steve [R-WI-3], Rep. Wynn, Albert Russell [D-MD-4], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Lowey, Nita M. [D-NY-17], Rep. Conyers, John, Jr. [D-MI-13], Rep. Blackwell, Lucien E. [D-PA-2], Rep. Olver, John W. [D-MA-1], Rep. Mink, Patsy T. [D-HI-2], Rep. Hastings, Alcee L. [D-FL-20], Rep. Danner, Pat [D-MO-6], Rep. Royce, Edward R. [R-CA-39], Sen. Talent, Jim [R-MO], Rep. Filner, Bob [D-CA-51], Rep. Bonior, David E. [D-MI-10], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Gejdenson, Sam [D-CT-2], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Serrano, Jose E. [D-NY-15], Rep. Velázquez, Nydia M. [D-NY-7], Rep. McDermott, Jim [D-WA-7]

Subjects

Taxation

Source updated

2 January 2025

Taxation

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Summary

Amends the Internal Revenue Code to exempt from the additional tax on early distributions from retirement plans distributions to involuntarily unemployed individuals. Provides a method for such individuals to recontribute distributions and makes the recontributions deductible.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

24 February 1993
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
24 February 1993
Introduced
Sponsor introductory remarks on measure. (CR E437)
Source: IntroReferral
24 February 1993
Introduced
Introduced in House
Source: IntroReferral
24 February 1993
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · 24 February 1993 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 24 February 1993
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Introduced in House (PDF)
Introduced in House · EN · 24 February 1993
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Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
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Introduced in House
summary · EN · 24 February 1993
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/103rd-congress/house-bill/1094
Open data entity: https://api.congress.gov/v3/bill/103/hr/1094
us · 103-hr-1094 · source updated 2 January 2025