HR 5549 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow the tax-free rollover into an individual retirement account or annuity of the proceeds from the redemption of bonds acquired under a qualified bond purchase plan.

Introduced 1979-10-11· Sponsored by Rep. Erdahl, Arlen [R-MN-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-10-11)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income proceeds from the redemption of bonds acquired under a tax-exempt bond purchase plan which are transferred to an individual retirement account within 60 days after such redemption.…

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