1 See Institute Memorandum to Pension Members No. 62-98, Pension Operations Advisory Committee No. 51-98 and
Transfer Agent Advisory Committee No. 65-98, dated October 16, 1998.
[11062]
June 18, 1999
TO: PENSION MEMBERS No. 23-99
PENSION OPERATIONS ADVISORY COMMITTEE No. 33-99
TRANSFER AGENT ADVISORY COMMITTEE No. 37-99
RE: FINAL UPDATE ON STATE LAW CONFORMITY WITH THE ROTH IRA
______________________________________________________________________________
This memorandum represents the final update on state law conformity with the Roth IRA.
Currently, all of the states that required conformity legislation to conform the individual income tax
provisions of their tax code to the Internal Revenue Code have passed and signed applicable legislation
into law. The attached chart provides final bill information concerning applicable conformity legislation
in each state that required such legislation.
Note that since the last memorandum,1 the technical corrections conformity legislation in
California was signed into law. In addition, both Arkansas and Oregon, which did not schedule
legislative sessions last year, passed Roth IRA conformity legislation. Note, however, that the Arkansas
bill conforms to the Internal Revenue Code as of January 1, 1999 and the Oregon bill conforms as of
December 31, 1998. Finally, the District of Columbia passed a bill entitled the “Tax Conformity Act of
1999,” which would conform the provisions of the federal income tax code to the District of Columbia
income tax code. This bill was passed on March 22, 1999 and is effective for 225 days beginning on
March 22, 1999. The District of Columbia intends to pass final conformity legislation this year.
If you would like copies of any state legislation or have any questions concerning Roth IRA
conformity legislation, please call me at (202) 218-3563.
Kathryn A. Ricard
Assistant Counsel
Attachment