A bill to amend the Internal Revenue Code of 1954 to exempt amounts received from the redemption of All-Savers certificates and contributed to individual retirement accounts from certain limitations on excess contributions, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

22 September 1982

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to exempt proceeds received from the redemption of qualified depository institution tax-exempt certificates (all-savers certificates) and contributed to individual retirement accounts from the limitation on excess contributions to such accounts. Disallows any deduction for any such proceeds deposited to such an account.

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Documents

1 official file

Introduced in House
summary · EN · 22 September 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/7162
Open data entity: https://api.congress.gov/v3/bill/97/hr/7162