HR 741 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to increase from 70 1/2 to 72 1/2 the age at which an individual is required to begin receiving distributions from individual retirement accounts and annuities, and for other purposes.

Introduced 1987-01-27· Sponsored by Rep. Brown, Hank [R-CO-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from 70 1/2 to 72 1/2 the age: (1) until which deductions will be allowed for qualified retirement contributions for the benefit of an individual; and (2) at which an individual is required to begin receiving distributions from individual retirement accounts and annuities.…

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

Cosponsors (1)

1 Republican
Rep. Bateman, Herbert H. [R-VA-1]VA