HR 4127 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow home buyers to make tax-free withdrawals from individual retirement accounts and certain other retirement plans for the purpose of acquiring a principal residence.

Introduced 1992-01-28· Sponsored by Rep. Packard, Ron [R-CA-43]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1992-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts and certain other retirement plans used for the acquisition or construction of a principal residence of the individual receiving the distribution.…

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

Cosponsors (20)

20 Republicans
Rep. Hunter, Duncan [R-CA-45]CA
Rep. Lowery, Bill [R-CA-41]CA
Rep. Cunningham, Randy (Duke) [R-CA-44]CA
Rep. Gallegly, Elton [R-CA-21]CA
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI
Rep. Stearns, Cliff [R-FL-6]FL
Rep. Doolittle, John T. [R-CA-14]CA
Rep. Emerson, Bill [R-MO-8]MO
Rep. Livingston, Bob [R-LA-1]LA
Rep. McCrery, Jim [R-LA-4]LA
Rep. Hansen, James V. [R-UT-1]UT
Rep. Dannemeyer, William E. [R-CA-39]CA
Rep. Rohrabacher, Dana [R-CA-42]CA
Rep. Lagomarsino, Robert J. [R-CA-19]CA
Del. Blaz, Ben G. [R-GU-At Large]GU
Rep. Cox, Christopher [R-CA-40]CA
Rep. Dornan, Robert K. [R-CA-38]CA
Rep. McCandless, Alfred A. (Al) [R-CA-37]CA
Rep. Moorhead, Carlos J. [R-CA-22]CA
Rep. Zeliff, William H., Jr. [R-NH-1]NH