HR 621
109th Congress
House
Taxation
Armed Forces and National Security
Armed forces reserves
Income tax
Individual retirement accounts
Labor and Employment
Limitation of actions
National Guard
Pension funds
Tax credits
Tax exclusion
Tax penalties
Tax refunds
Tax-deferred compensation plans
Guardsmen and Reservists Financial Relief Act of 2005
Introduced: February 8, 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
Feb 8, 2005
Referred to the House Committee on Ways and Means.
Feb 8, 2005
Introduced in House
Plain-English summary
Guardsmen and Reservists Financial Relief Act of 2005 - 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, 2007, for retirement plan distributions made after September 11, 2001.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1