HR 1094 · 103th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that distributions to involuntarily unemployed individuals from individual retirement accounts will not be subject to the additional tax on early distributions.

Introduced 1993-02-24· Sponsored by Rep. Dixon, Julian C. [D-CA-32]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1993-02-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the additional tax on early distributions from retirement plans distributions to involuntarily unemployed individuals. Provides a method for such individuals to recontribute distributions and makes the recontributions deductible.…

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

Cosponsors (20)

17 Democrats3 Republicans
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Maloney, Carolyn B. [D-NY-14]NY
Rep. Hilliard, Earl F. [D-AL-7]AL
Rep. Dellums, Ronald V. [D-CA-9]CA
Rep. Frank, Barney [D-MA-4]MA
Rep. Woolsey, Lynn C. [D-CA-6]CA
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Minge, David [D-MN-2]MN
Rep. Kopetski, Mike [D-OR-5]OR
Rep. Frost, Martin [D-TX-24]TX
Rep. Hobson, David L. [R-OH-7]OH
Rep. Barrett, Thomas M. [D-WI-5]WI
Rep. Gunderson, Steve [R-WI-3]WI
Rep. Wynn, Albert Russell [D-MD-4]MD
Rep. Fish, Hamilton, Jr. [R-NY-19]NY
Rep. Lowey, Nita M. [D-NY-18]NY
Rep. Conyers, John, Jr. [D-MI-14]MI
Rep. Blackwell, Lucien E. [D-PA-2]PA
Rep. Olver, John W. [D-MA-1]MA
Rep. Mink, Patsy T. [D-HI-2]HI