A bill to amend the Internal Revenue Code of 1986 to allow the penalty-free withdrawl of section 401(k) plan funds for post-secondary educational expenses.

referredUnited States· United States Congress· EN

Introduced

11 August 1988

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to exclude from the ten percent additional tax on early distributions from qualified cash or deferred arrangements any distribution used to pay the educational expenses (tuition, fees, books, supplies, and reasonable living expenses) of the employee, spouse, or dependent at an institution of higher education or a vocational school.

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Documents

1 official file

Introduced in Senate
summary · EN · 11 August 1988
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/2731
Open data entity: https://api.congress.gov/v3/bill/100/s/2731