H.R. 4938 — A bill to repeal the provision added by the Economic Recovery Tax Act of 1981 which treats investments by individual retirement plans in collectibles as distributions.

Summary

Amends the Internal Revenue Code to repeal the provision which treats investments by individual retirement accounts and other retirement plans in collectibles as distributions equal to the cost of the collectible. Defines "collectibles" as items such as artworks, antiques, gems and coins.

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Related Legislation

H.R. 4418A bill to amend the Internal Revenue Code of 1954 to repeal the provision which prohibits individual retirement accounts and certain other retirement plans from investing in collectibles.
1981-09-09Referred to House Committee on Ways and Means.
Related
H.R. 4439A bill to repeal the provision added by the Economic Recovery Tax Act of 1981 which treats investments by individual retirement plans in collectibles as distributions.
1981-09-09Referred to House Committee on Ways and Means.
Related

Legislative Actions

1981-11-10
Introduced in House
1981-11-10
Introduced in House
1981-11-10
Referred to House Committee on Ways and Means.

A bill to repeal the provision added by the Economic Recovery Tax Act of 1981 which treats investments by individual retirement plans in collectibles as distributions.

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Summary

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