To amend the Internal Revenue Code of 1986 to exclude from gross income certain retirement plan distributions used for a down payment or closing costs for a principal residence, and for other purposes.
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Summary
Based on the bill's title, it would amend the Internal Revenue Code of 1986 to exclude from gross income certain retirement plan distributions that are used for a down payment or closing costs on a principal residence. The title also indicates the bill contains other provisions, which cannot be identified from the title alone. The bill was referred to the House Committee on Ways and Means, and full text was not available for this summary.
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