US SB3234 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on May 24 2012 - 25% progression, died in committee
Action: 2012-05-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 24 2012 - 25% progression, died in committee
Action: 2012-05-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to extend the period in which death gratuities (less amounts contributed to a Coverdell education savings account) and insurance proceeds payable to survivors of members of the Armed Forces or the Uniformed Services may be contributed to a Roth individual retirement account (Roth IRA) from one to three years after receipt of such gratuities or proceeds.
Title
A bill to amend the Internal Revenue Code of 1986 to extend the time period for contributing military death gratuities to Roth IRAs and Coverdell education savings accounts.
Sponsors
| Sen. Richard Blumenthal [D-CT] | Sen. Barbara Mikulski [D-MD] | Sen. Lisa Murkowski [R-AK] | Sen. Patty Murray [D-WA] |
| Sen. Olympia Snowe [R-ME] | Sen. Jon Tester [D-MT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-24 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB6013 (Same As) 2012-06-21 - Referred to the House Committee on Ways and Means.
Subjects
Bank accounts, deposits, capital
Employee benefits and pensions
Military personnel and dependents
Student aid and college costs
Taxation
Veterans' pensions and compensation
Employee benefits and pensions
Military personnel and dependents
Student aid and college costs
Taxation
Veterans' pensions and compensation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/3234/all-info |
| Text | https://www.congress.gov/112/bills/s3234/BILLS-112s3234is.pdf |
