To amend the Internal Revenue Code of 1986 to permit distributions from individual retirement plans to be contributed to 529 plans without including the distribution in gross income.

Fact Sheet API

Bill Number

HR 2461

Introduced

May 23, 2007

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Education Education savings accounts Finance and Financial Sector Higher education Income tax Individual retirement accounts Labor and Employment Tax exclusion Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for the purpose of making contributions to a qualified tuition program.

Actions

May 23, 2007

Referred to the House Committee on Ways and Means.
May 23, 2007

Introduced in House

Amendments

Related Bills