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United States · Bill · HR

H.R. 2997 (100th)

A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts withdrawn from individual retirement plans for payment of long-term care insurance premiums.

referredUnited States· United States Congress· EN

Introduced

23 July 1987

Last action

23 July 1987 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Daub, Hal [R-NE-2], Rep. Donnelly, Brian J. [D-MA-11], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Roe, Robert A. [D-NJ-8], Rep. Slaughter, D. French, Jr. [R-VA-7], Rep. Frank, Barney [D-MA-4], Rep. Pursell, Carl D. [R-MI-2], Rep. Gunderson, Steve [R-WI-3], Rep. Ritter, Don [R-PA-15], Rep. Wortley, George C. [R-NY-27], Sen. Smith, Bob [R-NH], Rep. Rogers, Harold [R-KY-5], Rep. Wolpe, Howard E. [D-MI-3], Rep. Porter, John Edward [R-IL-10], Rep. Conyers, John, Jr. [D-MI-13], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Schuette, Bill [R-MI-10], Rep. Howard, James J. [D-NJ-3], Rep. Buechner, Jack [R-MO-2], Rep. Packard, Ron [R-CA-48], Rep. Feighan, Edward F. [D-OH-19], Rep. Collins, Cardiss [D-IL-7], Rep. Saxton, Jim [R-NJ-3], Rep. Herger, Wally [R-CA-2], Rep. Mrazek, Robert J. [D-NY-3], Rep. Ballenger, Cass [R-NC-10], Rep. Ridge, Thomas J. [R-PA-21], Rep. Johnson, Nancy L. [R-CT-5], Rep. Armey, Richard K. [R-TX-26]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exclude from gross income any distribution from an individual retirement plan if: (1) the payee has attained age 59 1/2 on or before the date of the distribution; and (2) the distribution is used to pay premiums for an insurance policy covering at least 12 months of medically necessary care for the payee or a spouse meeting the same 59 1/2 year age requirement.

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

Timeline

  1. 23 July 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 23 July 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  3. 23 July 1987

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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