A bill to amend the Internal Revenue Code of 1986 to treat earnings on contributions to tax-deferred savings accounts as gain from the sale or exchange of a capital asset.

Fact Sheet API

Bill Number

S 4

Introduced

Nov 19, 2002

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Annuities Capital gains tax Education Education savings accounts Finance and Financial Sector Health Higher education Income tax Individual retirement accounts Interest Labor and Employment Medical savings accounts Personal income tax Savings accounts Tax deferral Tax exclusion Tax-deferred compensation plans Taxation

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Votes

Summary

Amends the Internal Revenue Code to treat earnings on contributions to tax-deferred savings accounts as gain from the sale or exchange of a capital asset.

Actions

Nov 19, 2002

Read twice and referred to the Committee on Finance.
Nov 19, 2002

Introduced in Senate

Amendments

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