To amend the Internal Revenue Code of 1986 to allow penalty-free distributions from qualified retirement plans on account of the death or disability of the participant's spouse.

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Bill Number

HR 578

Introduced

Feb 13, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Annuities Disabled Families Finance and Financial Sector Income tax Individual retirement accounts Labor and Employment Married people Mutual funds Pension funds Personal income tax Survivors' benefits Tax exclusion Tax penalties Tax-deferred compensation plans Taxation Widowers Widows Women

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow penalty-free distributions, on account of the death or disability of the participant's spouse, from qualified retirement plans, including: (1) employee annuities purchased by charitable organizations or public schools; (2) custodial accounts for regulated investment company stock; and (3) Roth individual retirement accounts (Roth IRAs).

Actions

Feb 13, 2001

Referred to the House Committee on Ways and Means.
Feb 13, 2001

Introduced in House

Amendments

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