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HR 5318 111th Congress House Taxation Business investment and capital Employee benefits and pensions Sales and excise taxes Small business

Small Business Investment Penalty Relief Act of 2010

Introduced: May 14, 2010 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
May 14, 2010
Referred to the House Committee on Ways and Means.
May 14, 2010
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business Investment Penalty Relief Act of 2010 - Amends the Internal Revenue Code to waive the 10% penalty on premature distributions made in 2010 or 2011 from a tax-exempt retirement plan if made for investment in a qualified small business (defined as having gross receipts not exceeding $20 million or not more than 50 full-time employees during the preceding taxable year).

What's happening now May 14, 2010

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 5
R
Wittman, Robert J.
Virginia · Sep 16, 2010
 R
Latta, Robert E.
Ohio · May 19, 2010
 R
Blackburn, Marsha
Tennessee · May 14, 2010
 R
Lummis, Cynthia M.
Wyoming · May 14, 2010
 R
McClintock, Tom
California · May 14, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5318: Small Business Investment Penalty Relief Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5318/
MLA
"H.R. 5318: Small Business Investment Penalty Relief Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5318/.
Bluebook (legal)
H.R. 5318, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5318/.
Markdown link
[H.R. 5318: Small Business Investment Penalty Relief Act of 2010](https://openamerica.io/bill/111-HR-5318/)
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