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United States · Bill · HR

H.R. 337 (103rd)

To amend the Internal Revenue Code of 1986 to permit nondeductible tax-free individual retirement accounts.

referredUnited States· United States Congress· EN

Introduced

5 January 1993

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to establish special individual retirement accounts that are nondeductible. Makes such accounts nontaxable if earnings on contributions are held for at least five years. Applies the early withdrawal penalty to distributions made before the end of the five year-period.

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Documents

3 official files

Introduced in House (text)

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Sources

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