S 2474
108th Congress
Senate
Taxation
Armed Forces and National Security
Armed forces reserves
Income tax
Individual retirement accounts
Labor and Employment
National Guard
Pension funds
Tax exclusion
Tax penalties
Tax-deferred compensation plans
Guardsmen and Reservists Financial Relief Act of 2004
Introduced: May 21, 2004
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2004
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6093)
May 21, 2004
Sponsor introductory remarks on measure. (CR S6093)
May 21, 2004
Introduced in Senate
Plain-English summary
Guardsmen and Reservists Financial Relief Act of 2004 - Amends the Internal Revenue Code to exempt from the ten percent penalty on early distributions from tax-exempt retirement plans withdrawals made by military reservists or national guardsmen called to active duty for a period in excess of 179 days or for an indefinite period. Permits reimbursement of such withdrawals within two years after the end of the active duty period.
Applies the provisions of this Act to individuals ordered or called to active duty after September 11, 2001, and before September 12, 2005, for retirement plan distributions made after September 11, 2001.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6093)
Committees of jurisdiction
1
Cosponsors
1