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- H.R.4740
H.R.4740: To amend the Internal Revenue Code of 1986 to permit early distributions from employee stock ownership plans for higher education expenses and first-time homebuyer purchases.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Oct. 8, 1998
- Latest Major Action Oct. 8, 1998
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to permit, without payment of the ten-percent additional tax on early distributions from qualified retirement plans and under specified conditions, early distributions from employee stock ownership plans for qualified higher education expenses and qualified first-time homebuyer purchases.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Oct. 8, 1998 |
Introduced in the House by Philip M. Crane (R-Ill.) |