A bill to amend the Internal Revenue Code of 1954 to allow penalty-free withdrawals from individual retirement accounts for certain institutional care expenses.

Summary

Amends the Internal Revenue Code to allow penalty-free withdrawals from individual retirement accounts used to pay expenses for: (1) care at a skilled nursing facility; (2) care at an intermediate care facility; and (3) any other licensed long-term care facility which provides nursing or custodial care.

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

Timeline

1. 21 May 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 21 May 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 29 May 1985

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 21 May 1985

  Open at official source

Sponsors

• Sen. Roth Jr., William V. [R-DE] · R · Sponsor
• · ssfi00 · Standing

Related records

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