H.R. 1494 · 114th Congress
Retirement Health Savings Act of 2015
- Stage
- In committee
- Sponsor
- Jeff Fortenberry
- Introduced
- 2015-03-19
- Latest action
- 2015-03-30 · Referred to the Subcommittee on Health.
Summary
Retirement Health Savings Act of 2015
This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, distributions from certain tax-exempt retirement plans to a heath savings account in which an individual who is covered by a high deductible health care plan is participating (qualified HSA funding distribution). The bill also exempts such distributions from the 10% penalty for premature retirement plan distributions.