[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 570 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 570

 To amend the Internal Revenue Code of 1986 to extend the deadline for 
contributions to education individual retirement accounts for a taxable 
    year to the due date for filing the return for the taxable year.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1999

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

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend the deadline for 
contributions to education individual retirement accounts for a taxable 
    year to the due date for filing the return for the taxable year.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Education IRA Fairness Act of 
1999''.

SEC. 2. EXTENSION OF DEADLINE FOR CONTRIBUTION TO AN EDUCATION IRA.

    (a) In General.--Subsection (b) of section 530 of the Internal 
Revenue Code of 1986 (relating to education individual retirement 
accounts) is amended by adding at the end the following new paragraph:
            ``(4) Time when contributions made.--The rule of section 
        219(f)(3) shall apply.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 1998.
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