3.0.0 4714 2023-01-15T04:49:16Z 2023-01-15T04:49:16Z House H HR 2004-06-25 108 hswm00 Ways and Means Committee House Standing Referred to 2004-06-25T13:00:46Z 2004-06-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2004-06-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-06-25 Introduced in House IntroReferral 1000 9 Library of Congress J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 N P000449 Rep. Portman, Rob [R-OH-2] Rob Portman R OH 2 2004-07-09 False Taxation Annuities Cost of living adjustments Economics and Public Finance Excise tax Families Finance and Financial Sector Income tax Indexing (Economic policy) Individual retirement accounts Insurance premiums Labor and Employment Married people Pension funds Social Welfare Tax deductions Tax exclusion Tax penalties Tax-deferred compensation plans Taxation 00 2004-06-25 Introduced in House 2004-09-13T17:55:55Z Retirement Savings Account Act - Amends the Internal Revenue Code to replace Roth Individual Retirement Account provisions with Retirement Savings Account (RSA) provisions. Allows cash only contributions to RSAs up to the lesser of $5,000 (adjusted for inflation) or the taxpayer's compensation includible in gross income for a taxable year.

Allows tax free distributions from RSAs after the account beneficiary attains age 58, dies, or becomes disabled.. Allows conversions of individual retirement accounts (IRAs) into RSAs and provides special rules for the tax treatment of amounts converted into an RSA prior to 2006. Requires a five-year holding period for amounts converted to an RSA from an IRA or an Employer Retirement Savings Account.

]]> Retirement Savings Account Act Display Title Retirement Savings Account Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for retirement savings accounts, and for other purposes. Introduced in House IH Short Titles as Introduced Retirement Savings Account Act Introduced in House 2004-06-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr4714ih/xml/BILLS-108hr4714ih.xml 2004-06-25 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.