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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…

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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
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 September 15, 2004

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 2835 Related bill A bill to amend the internal Revenue Code of 1986 to allow penalty free withdrawals from retirement plans for victims o…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Diaz-Balart, Mario
Florida · Sep 15, 2004
 R
Wilson, Joe
South Carolina · Sep 15, 2004
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APA
U.S. Congress. (2026). H.R. 5094: 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.. 108th Congress. Open America. https://openamerica.io/bill/108-HR-5094/
MLA
"H.R. 5094: 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.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-5094/.
Bluebook (legal)
H.R. 5094, 108th Cong. (2026), https://openamerica.io/bill/108-HR-5094/.
Markdown link
[H.R. 5094: 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.](https://openamerica.io/bill/108-HR-5094/)
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