A bill to amend the Internal Revenue Code of 1954 to clarify that a custodial account for regulated investment company stock described in section 403(b)(7) that permits an employee to withdraw funds prior to retirement may be treated as an annuity contract described in section 403(b)(1).

Summary

Amends the Internal Revenue Code to permit employees of tax-exempt organizations and State or local educational institutions who invest annuity funds in mutual funds to withdraw such funds before retirement without adversely affecting the tax status of their retirement plan.

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

Timeline

1. 3 August 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 3 August 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 August 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 3 August 1978

  Open at official source

Sponsors

• Rep. Steiger, William A. [R-WI-6] · R · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.