[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 3234 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 3234

 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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 24, 2012

Mr. Blumenthal (for himself, Ms. Snowe, Ms. Mikulski, Mrs. Murray, and 
  Mr. Tester) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 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.

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

SECTION 1. EXTENSION OF TIME PERIOD FOR CONTRIBUTING MILITARY DEATH 
              GRATUITIES TO ROTH IRAS AND COVERDELL EDUCATION SAVINGS 
              ACCOUNTS.

    (a) In General.--Sections 408A(e)(2)(A) and 530(d)(9)(A) of the 
Internal Revenue Code of 1986 are each amended by striking ``1-year 
period'' and inserting ``3-year period''.
    (b) Effective Date.--The amendments made by this section shall 
apply to amounts received under section 1477 of title 10, United States 
Code, or under section 1967 of title 38 of such Code after the date of 
the enactment of this Act.
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