HR 5020 · 103th Congress · Taxation

To amend the Internal Revenue Code of 1986 to permit penalty-free withdrawals by unemployed individuals from certain retirement plans.

Introduced 1994-08-23· Sponsored by Rep. Lazio, Rick [R-NY-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1994-08-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the additional tax on early distribution from retirement plans distributions to individuals during periods of unemployment.…

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