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• Introduced by Rep. Bruce Patterson (R) on February 28, 2002, 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 House Tax Policy Committee on February 28, 2002.
  • Substitute offered in the House on May 15, 2002, 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replace the previous version of the bill with one originally recommended by the committee which reported it, but since superceded by another version with further changes that do not affect the substance as previously described.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 in the House by voice vote on May 15, 2002.
  • Substitute offered by Rep. Bruce Patterson (R) on May 15, 2002, 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 in the House by voice vote on May 15, 2002.
  • Amendment offered by Rep. Jack Minore (D) on May 15, 2002, 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 in the House (46 to 47) on May 15, 2002. [Vote Details and Comments]
• Passed in the House (88 to 5) on May 15, 2002. [Vote Details and Comments]