United States · Bill · HR
H.R. 42 (99th)
A bill to amend the Internal Revenue Code of 1954 relating to certain investments treated as distributions.
Introduced
3 January 1985
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to revise the restrictions on investment in tangible investment assets by individual retirement accounts and individually directed accounts. Allows such investments except for: (1) the acquisition of a tangible investment asset from the individual (or his or her beneficiaries) for whose benefit the account was created; or (2) the transfer (by distribution or otherwise) of a tangible investment asset from an account to the individual (or his or her beneficiaries) for whose benefit the account has been created.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 3 January 1985
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/42
- Open data entity: https://api.congress.gov/v3/bill/99/hr/42