HR 2247 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow individual retirement accounts and individually-directed accounts to acquire coins issued by North American countries.

Introduced 1987-04-30· Sponsored by Rep. Matsui, Robert T. [D-CA-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-04-30)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to include as "collectibles" the coins issued by North American countries, thus requiring their acquisition by an individual retirement account or by an individually-directed account to be treated as a distribution for certain income tax purposes.…

Summarized by Claude AI · Non-partisan · For informational purposes only