HR 465 · 107th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow rollover contributions to individual retirement plans from deferred compensation plans maintained by States and local governments and to allow State and local governments to maintain 401(k) plans.

Introduced 2001-02-06· Sponsored by Rep. McNulty, Michael R. [D-NY-21]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-02-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow: (1) a rollover contribution to an individual retirement account from a State or local government deferred compensation plan (section 457 plan); and (2) such an entity to maintain a 401k plan.…

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