S. 3234 · 112th Congress
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.
- Stage
- In committee
- Sponsor
- Richard Blumenthal
- Introduced
- 2012-05-24
- Latest action
- 2012-05-24 · Introduced in Senate
Summary
Amends the Internal Revenue Code to extend the period in which death gratuities (less amounts contributed to a Coverdell education savings account) and insurance proceeds payable to survivors of members of the Armed Forces or the Uniformed Services may be contributed to a Roth individual retirement account (Roth IRA) from one to three years after receipt of such gratuities or proceeds.