A bill to repeal the mandatory 20 percent income tax withholding on eligible rollover distributions which are not rolled over.

1/1
Status In Committee
Sponsor Barbara Mikulski
Citation 103-S-501
Actions 2
Introduced Mar 4th, 1993
Cosponsors
Last Action Mar 4th, 1993
Policy Area
Introduced Senate Mar 4
Senate
House
President
Enacted

Summary

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What this bill does

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Repeals provisions of the Unemployment Compensation Amendments of 1992 which require 20 percent income tax withholding on eligible rollover distributions of pension plans which are not rolled over into eligible retirement plans. Requires the Internal Revenue Code to be applied as if such provisions had never been enacted.

Actions

2
Senate
INTRODUCED
INTRODUCED
Mar 4, 1993
ON FLOOR
REFERRED TO COMMITTEE
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