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To amend the Internal Revenue Code of 1986 to allow rollovers from other retirement plans into simple retirement accounts.
1/11/2023, 1:30 PM
Congressional Summary of HR 3050
Amends the Internal Revenue Code to allow tax-free rollovers from tax-exempt retirement plans, annuities, and deferred compensation plans into a simple individual retirement account.
Read the Full Bill
Current Status of Bill HR 3050
Bill HR 3050 is currently in the status of Bill Introduced since July 14, 2015. Bill HR 3050 was introduced during Congress 114 and was introduced to the House on July 14, 2015. Bill HR 3050's most recent activity was Referred to the House Committee on Ways and Means. as of July 14, 2015
Bipartisan Support of Bill HR 3050
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3050
Primary Policy Focus
TaxationPotential Impact Areas
- Employee benefits and pensions
- Income tax exclusion
Alternate Title(s) of Bill HR 3050
To amend the Internal Revenue Code of 1986 to allow rollovers from other retirement plans into simple retirement accounts.
To amend the Internal Revenue Code of 1986 to allow rollovers from other retirement plans into simple retirement accounts.
Comments
Sponsors and Cosponsors of HR 3050
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