HR 2626 · 101th Congress · Taxation

Long-Term Care, Education, and Housing Assistance Act of 1989

Introduced 1989-06-13· Sponsored by Rep. Tallon, Robert M. (Robin) [D-SC-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-06-13)

Plain Language Summary

[AI summary unavailable — showing source text] Long-Term Care, Education, and Housing Assistance Act of 1989 - Amends the Internal Revenue Code to exempt from the penalty on early distributions from individual retirement plans distributions for: (1) long-term health care insurance premiums; and (2) educational expenses for higher education or a vocational school. Provides a tax exclusion for distributions from such plans used to acquire a first home. Limits such distribution to $10,000.…

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