Summary: H.R.1494 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.1494. Bill summaries are authored by CRS.

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Introduced in House (03/19/2015)

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.