To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8435 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8435 To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 16, 2024 Mr. Kelly of Pennsylvania (for himself and Mr. Blumenauer) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. PRICE PROTECTION PAYMENTS TREATED AS ELIGIBLE ROLLOVER DISTRIBUTIONS. (a) In General.--Section 402(c)(4) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``For purposes of'' and inserting-- ``(A) In general.--For purposes of'', (2) by striking ``If all or any …