To amend the Internal Revenue Code of 1986 to increase the age at which distributions from qualified retirement plans are required to begin from 70 1/2 to 75, and for other purposes.

Amends the Internal Revenue Code to increase from 70 1/2 to 75 the age at which beneficiaries of tax-exempt pension, profit-sharing, and stock bonus plans must begin taking distributions from such plans and including such distributions in gross income for income tax purposes.