Emergency Savings Relief Act of 2005

Summary

Emergency Savings Relief Act of 2005 - Amends the Internal Revenue Code to exempt a qualified Katrina-relief distribution from the 10 percent penalty for premature retirement plan distributions. Defines "qualified Katrina-relief distribution" as one made after August 24, 2005, and before the end of six months after enactment of this Act from a tax-qualified retirement plan for an individual who encounters hardship by reason of Hurricane Katrina. Permits repayments of qualified Katrina-relief distributions to an individual retirement plan within five years of the initial distribution.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 September 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 13 September 2005

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• Introduced in House

  summary · EN · 13 September 2005

  Open at official source

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