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.
To amend the Internal Revenue Code of 1986 to increase the age for the 
           beginning date for required minimum distributions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN AGE FOR REQUIRED BEGINNING DATE FOR MANDATORY 
              DISTRIBUTIONS.

    (a) In General.--Section 401(a)(9)(C)(i)(I) of the Internal Revenue 
Code of 1986 is amended by striking ``age 72'' and inserting ``the 
applicable age''.
    (b) Spouse Beneficiaries; Special Rule for Owners.--Subparagraphs 
(B)(iv)(I) and (C)(ii)(I) of section 401(a)(9) of such Code are each 
amended by striking ``age 72'' and inserting ``the applicable age''.
    (c) Applicable Age.--Section 401(a)(9)(C) of such Code is amended 
by adding at the end the following new clause:
                            ``(v) Applicable age.--The applicable age 
                        shall be--
                                    ``(I) in the case of an individual 
                                who attains age 72 after December 31, 
                                2026, age 73, and
                                    ``(II) in the case of an individual 
                                who attains age 73 after December 31, 
                                2032, age 75.''.
    (d) Conforming Amendments.--The last sentence of section 408(b) of 
such Code is amended by striking ``age 72'' and inserting ``the 
applicable age (determined under section 401(a)(9)(C)(v) for the 
calendar year in which such taxable year begins)''.
    (e) Effective Date.--The amendments made by this section shall 
apply to distributions required to be made after December 31, 2026, 
with respect to individuals who attain age 72 after such date.
                                 <all>
To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.
To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.
Official Titles - House of Representatives
Official Title as Introduced
To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.
Rep. Murphy, Stephanie N.