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HR 5978 111th Congress House

Small Business Tax Relief and Retirement Restoration Act of 2010

Official title: To amend the Internal Revenue Code of 1986 to allow loans from certain retirement plans for the payment of certain small business expenses.

Introduced: July 29, 2010 See on congress.gov
Taxation Business investment and capitalCredit and credit marketsEmployee benefits and pensionsSales and excise taxes
More subjectsShow fewer subjects
Small businessWages and earnings
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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
Jul 29, 2010
Referred to the House Committee on Ways and Means.
Jul 29, 2010
Introduced in House
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 Latest action July 29, 2010

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Small Business Tax Relief and Retirement Restoration Act of 2010 - Amends the Internal Revenue Code to permit until December 31, 2010, penalty-free distributions from an individual retirement account (IRA) or a qualified employer plan for the purpose of making loans to a small business to purchase depreciable property to be used by such business or for employee salaries or wages (other than for bonuses). Requires such loans to be repaid to the IRA within five years.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 2
R
Wittman, Robert J.
Virginia · Jul 30, 2010
 D
Clarke, Yvette D.
New York · Jul 29, 2010
 D
Courtney, Joe
Connecticut · Jul 29, 2010
Kagen, Steve
· Jul 29, 2010
 R
Simpson, Michael K.
Idaho · Jul 29, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5978: Small Business Tax Relief and Retirement Restoration Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5978/
MLA
"H.R. 5978: Small Business Tax Relief and Retirement Restoration Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5978/.
Bluebook (legal)
H.R. 5978, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5978/.
Markdown link
[H.R. 5978: Small Business Tax Relief and Retirement Restoration Act of 2010](https://openamerica.io/bill/111-HR-5978/)
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