Introduced
by
To authorize individual tax-deferred IRA-type worker financial security accounts, to be used to cover expenses during a period of unemployment. Annual contributions up to $5,000 would be deductable from income used to compute the state income tax, as would be distributions from the account. The limit on cumulative contributions to any account would be $125,000.
Referred to the Committee on Tax Policy
Substitute offered
To replace the previous version of the bill with one originally recommended by the committee which reported it, but since superceded by another version with further changes that do not affect the substance as previously described.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one recommended by the committee which reported it. The substitute incorporates minor or technical changes resulting from committee testimony and deliberation. These do not affect the substance as previously described.
The substitute passed by voice vote
Amendment offered
by
To tie bar the bill to House Bill 6057, which would increase the non-maximum unemployment insurance benefit by approximately seven percent.
The amendment failed 46 to 47 (details)
Passed in the House 88 to 5 (details)
To authorize individual tax-deferred IRA-type worker financial security accounts, to be used to cover expenses during a period of unemployment. Annual contributions up to $5,000 would be deductable from income used to compute the state income tax, as would be distributions from the account. The limit on cumulative contributions to any account would be $125,000.
