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HR 4403 113th Congress House Taxation Disaster relief and insurance Employee benefits and pensions Natural disasters Sales and excise taxes Tax administration and collection, taxpayers

Homeowner Disaster Relief Act of 2014

Introduced: April 4, 2014 Introduced by: Clarke, Yvette D. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 4, 2014
Referred to the House Committee on Ways and Means.
Apr 4, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Homeowner Disaster Relief Act of 2014 - Amends the Internal Revenue Code to exempt any qualified natural disaster distribution from the 10% penalty on premature distributions from tax-exempt retirement plans. Defines "qualified natural diasaster distribution" as a distribution from a retirement plan to an individual if: (1) such individual sustained an economic loss due to a federally-declared disaster, (2) the principal place of abode of such individual on the disaster declaration date is in the disaster area, and (3) such distribution is made during the one-year period beginning on the disaster declaration date.  

What's happening now April 4, 2014

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1