HR 3742
109th Congress
House
Taxation
Annuities
Disaster relief
Disasters
Emergency Management
Floods
Hurricane aftermath legislation
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.
Introduced: September 13, 2005
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 13, 2005
Referred to the House Committee on Ways and Means.
Sep 13, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exempt from the penalty for premature distributions from an individual retirement plan a distribution to an individual residing in an area declared as a federal disaster area due to hurricanes, floods, or other natural disasters occurring in 2004 or thereafter if such distribution is made within six months after the date of the disaster declaration.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1