To amend the Internal Revenue Code of 1986 to provide that distributions from an IRA for higher education expenses are exempt from the 10-percent early distribution tax even after annuitization of account.

Fact Sheet API

Bill Number

HR 2381

Introduced

Jun 28, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Annuities College costs Education Higher education Income tax Individual retirement accounts Labor and Employment Personal income tax Tax exemption Tax penalties Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code, with respect to the treatment of IRA distributions for higher education expenses after the annuitization of the account, to provide that distributions from an IRA for higher education expenses shall be exempt from the 10-percent early distribution tax even after annuitization of the account.

Actions

Jun 28, 2001

Referred to the House Committee on Ways and Means.
Jun 28, 2001

Introduced in House

Amendments

Related Bills