Homeowner Disaster Relief Act of 2014
Official title: To amend the Internal Revenue Code of 1986 to waive the 10-percent penalty on qualified natural disaster distributions from qualified retirement plans.
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Referred to the House Committee on Ways and Means.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4403: Homeowner Disaster Relief Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4403/
"H.R. 4403: Homeowner Disaster Relief Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4403/.
H.R. 4403, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4403/.
[H.R. 4403: Homeowner Disaster Relief Act of 2014](https://openamerica.io/bill/113-HR-4403/)