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- H.R.188
H.R.188: To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from IRAs for certain purposes, to increase the amount of tax deductible IRA contributions, and for other purposes.
About This Bill
- This bill was introduced in the 106th Congress
- This bill is primarily about taxation
- Introduced Jan. 6, 1999
- Latest Major Action Jan. 7, 1999
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to permit penalty-free distributions from an individual retirement account (IRA) for long- term care services and to pay certain medical expenses of certain lineal descendants and ancestors. Excludes from gross income certain distributions which are repaid. Expands penalty-free withdrawals for the unemployed for health insurance premiums. Increases deductible IRA contribution amounts, and provides for inflation...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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| Jan. 6, 1999 |
Introduced in the House by Bill McCollum (R-Fla.) |