To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.
USA117th CongressHR-2933| House
| Updated: 4/30/2021
Stephanie N. Murphy
Democratic Representative
Florida
Cosponsors (1)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill increases the age (currently, age 72) at which taxpayers are required to make minimum distributions from tax-exempt retirement plans. For taxpayers who attain age 72 after December 31, 2026, the age is increased to 73; for taxpayers who attain age 73 after December 31, 2032, the age is increased to 75.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Employee benefits and pensionsIncome tax deferral
To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.
USA117th CongressHR-2933| House
| Updated: 4/30/2021
This bill increases the age (currently, age 72) at which taxpayers are required to make minimum distributions from tax-exempt retirement plans. For taxpayers who attain age 72 after December 31, 2026, the age is increased to 73; for taxpayers who attain age 73 after December 31, 2032, the age is increased to 75.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Stephanie N. Murphy
Democratic Representative
Florida
Cosponsors (1)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Employee benefits and pensionsIncome tax deferral