HR 5094
108th Congress
House
Taxation
Annuities
Disaster relief
Disasters
Emergency Management
Floods
Hurricanes
Income tax
Individual retirement accounts
Labor and Employment
Tax exclusion
Tax penalties
To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters occurring in 2004.
Introduced: September 15, 2004
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 2004
Referred to the House Committee on Ways and Means.
Sep 15, 2004
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to permit premature distributions from certain tax-exempt retirement plans without penalty to individuals residing or holding real property within an area declared by the President as a disaster area due to a natural disaster at least part of which occurred in 2004, if such distributions are made within six months after the disaster declaration.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1