United States · Bill · S
S. 2023 (101st)
A bill to amend the Internal Revenue Code of 1986 to provide for the establishment of family savings accounts, to provide that the earnings on such accounts will not be taxable, and for other purposes.
Introduced
25 January 1990
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to allow the establishment of tax-exempt family savings accounts. Limits contributions to such accounts to $2,000 per year. Allows distributions from such accounts for retirement, death benefits, and disability. Allows special purpose distributions for: (1) first-time homebuyer expenses; and (2) educational expenses.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 25 January 1990
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/senate-bill/2023
- Open data entity: https://api.congress.gov/v3/bill/101/s/2023