S 380
114th Congress
Senate
Taxation
Correctional facilities and imprisonment
Department of Justice
Employee benefits and pensions
Government employee pay, benefits, personnel management
Income tax exclusion
Law enforcement officers
Sales and excise taxes
Correctional Officer Fairness Act of 2015
Introduced: February 5, 2015
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 5, 2015
Read twice and referred to the Committee on Finance.
Feb 5, 2015
Introduced in Senate
Plain-English summary
Correctional Officer Fairness Act of 2015
Amends the Internal Revenue Code to exempt from the 10% additional tax on early distributions from tax-exempt retirement plans distributions from a thrift savings fund to a qualified federal correctional officer who has reached age 50 or has completed 25 years of credible service, whichever is earlier. Defines "qualified federal correctional officer" as an individual who is employed by the Federal Bureau of Prisons as a correctional officer and has completed 20 years of creditable service.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1