Introduced in the House 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
The vote was 88 in favor, 5 opposed and 16 not voting
(House Roll Call 734 at House Journal 45)
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