To amend the Internal Revenue Code of 1986 to allow home buyers to make tax-free withdrawals from individual retirement accounts and certain other retirement plans for the purpose of acquiring a principal residence.

Summary

Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts and certain other retirement plans used for the acquisition or construction of a principal residence of the individual receiving the distribution.

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

Timeline

1. 28 January 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 28 January 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 January 1992

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 January 1992

  Open at official source

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Sponsors

• Rep. Packard, Ron [R-CA-48] · R · Sponsor
• Rep. Hunter, Duncan [R-CA-52] · R · Sponsor
• Rep. Lowery, Bill [R-CA-41] · R · Sponsor
• Rep. Cunningham, Randy (Duke) [R-CA-50] · R · Sponsor
• Rep. Gallegly, Elton [R-CA-24] · R · Sponsor
• Rep. Sensenbrenner, F. James, Jr. [R-WI-5] · R · Cosponsor
• Rep. Stearns, Cliff [R-FL-6] · R · Cosponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Cosponsor
• Rep. Emerson, Bill [R-MO-8] · R · Cosponsor
• Rep. Livingston, Bob [R-LA-1] · R · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• Rep. Hansen, James V. [R-UT-1] · R · Cosponsor
• Rep. Dannemeyer, William E. [R-CA-39] · R · Cosponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Del. Blaz, Ben G. [R-GU-At Large] · R · Cosponsor
• Rep. Cox, Christopher [R-CA-48] · R · Cosponsor
• Rep. Dornan, Robert K. [R-CA-46] · R · Cosponsor
• Rep. McCandless, Alfred A. (Al) [R-CA-44] · R · Cosponsor
• Rep. Moorhead, Carlos J. [R-CA-22] · R · Cosponsor
• Rep. Zeliff, William H., Jr. [R-NH-1] · R · Cosponsor
• Rep. Horton, Frank J. [R-NY-29] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Sen. Inhofe, James M. [R-OK] · R · Cosponsor
• · hswm00 · Standing

Related records

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