United States · Bill · HR
H.R. 3550 (104th)
To amend the Internal Revenue Code of 1986 to exclude from gross income the gain realized from the sale or exchange of a capital asset used to generate self-employment income if the entire amount of such gain is deposited in an individual retirement account.
Introduced
29 May 1996
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: (1) exclude from gross income gain from the sale or exchange of a capital asset used to generate self-employment income if the entire amount of such gain is deposited in an individual retirement account; and (2) increase individual retirement account contribution limitations by any such excluded amount which is contributed to such account.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 May 1996
Introduced in House (PDF)
Introduced in House · EN · 29 May 1996
Introduced in House
summary · EN · 29 May 1996
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/104th-congress/house-bill/3550
- Open data entity: https://api.congress.gov/v3/bill/104/hr/3550