H.R.1094: To amend the Internal Revenue Code of 1986 to provide that distributions to involuntarily unemployed individuals from individual retirement accounts will not be subject to the additional tax on early distributions.

About This Bill

  • Introduced Feb. 24, 1993
  • Latest Major Action Feb. 24, 1993

Bill Summary

Amends the Internal Revenue Code to exempt from the additional tax on early distributions from retirement plans distributions to involuntarily unemployed individuals. Provides a method for such individuals to recontribute distributions and makes the recontributions deductible.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Feb. 24, 1993

Introduced in the House by Julian C. Dixon (D-Calif.)

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