HR 3814 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow tax-free withdraws from individuals retirement accounts for educational expenses.

Introduced 1991-11-19· Sponsored by Rep. Lipinski, William O. [D-IL-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-11-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow tax-free withdrawals from individual retirement plans for the educational expenses of a child. Limits such withdrawals to $2,000 per year per child. Excludes such withdrawals from gross income determinations.…

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