To amend the Internal Revenue Code of 1986 to permit early distributions from employee stock ownership plans for higher education expenses and first-time homebuyer purchases.

Summary

Amends the Internal Revenue Code to permit, without payment of the ten-percent additional tax on early distributions from qualified retirement plans and under specified conditions, early distributions from employee stock ownership plans for qualified higher education expenses and qualified first-time homebuyer purchases.

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Timeline

1. 8 February 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 8 February 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 February 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 February 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 February 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 February 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 February 1999

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• Rep. Ballenger, Cass [R-NC-10] · R · Cosponsor
• · hswm00 · Standing

Related records

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