A bill to provide that any distribution permitted under the Internal Revenue Code of 1986 to a first time homebuyer from the individual retirement account of the homebuyer, or the homebuyer's parents or grandparents be free from the 10 percent penalty for early distributions.

referredUnited States· United States Congress· EN

Introduced

25 April 1990

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to permit penalty-free distributions to a first-time homebuyer from an individual retirement account (IRA), or from the IRA of the homebuyer's parents or grandparents.

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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
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Introduced in Senate
summary · EN · 25 April 1990
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/101st-congress/senate-bill/2517
Open data entity: https://api.congress.gov/v3/bill/101/s/2517