[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1165 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1165

 To provide that the 10-percent additional tax on early distributions 
 from qualified retirement plans shall not apply to distributions from 
                             certain plans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 2, 1993

  Mr. Coyne introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To provide that the 10-percent additional tax on early distributions 
 from qualified retirement plans shall not apply to distributions from 
                             certain plans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. 10-PERCENT ADDITIONAL TAX ON EARLY DISTRIBUTIONS FROM 
              QUALIFIED RETIREMENT PLANS NOT TO APPLY TO CERTAIN PLANS.

    (a) In General.--Paragraph (1) of section 72(t) of the Internal 
Revenue Code of 1986 shall not apply to any distribution from a defined 
contribution plan which was the subject of a multiemployer collective 
bargaining agreement which was originally effective on December 1, 
1967, and with respect to which favorable determination letters were 
issued by the Internal Revenue Service on August 21, 1986, and February 
19, 1980.
    (b) Effective Date.--Subsection (a) shall apply to taxable years 
beginning after December 31, 1986.

                                 <all>