HR 337 · 103th Congress · Taxation

To amend the Internal Revenue Code of 1986 to permit nondeductible tax-free individual retirement accounts.

Introduced 1993-01-05· Sponsored by Rep. Roukema, Marge [R-NJ-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1993-01-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to establish special individual retirement accounts that are nondeductible. Makes such accounts nontaxable if earnings on contributions are held for at least five years. Applies the early withdrawal penalty to distributions made before the end of the five year-period.…

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