To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.
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This bill increases the age (currently, age 72) at which taxpayers are required to make minimum distributions from tax-exempt retirement plans. For taxpayers who attain age 72 after December 31, 2026, the age is increased to 73; for taxpayers who attain age 73 after December 31, 2032, the age is increased to 75.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov