HR 2478 · 102th Congress · Taxation

Individual Retirement Account Restoration and Improvement Act

Introduced 1991-05-29· Sponsored by Rep. Gillmor, Paul E. [R-OH-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-05-29)

Plain Language Summary

[AI summary unavailable — showing source text] Individual Retirement Account Restoration and Improvement Act - Amends the Internal Revenue Code to remove limitations on the deductibility of contributions to individual retirement plans by active participants in employer-maintained plans. Allows penalty-free withdrawals from such plans for catastrophic expenses for personal, custodial, and medical care of an ill individual if such individual is a beneficiary or the spouse, parent, or dependent of such beneficiary.…

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