Disaster Victims' Savings Access Act

Summary

Disaster Victims' Savings Access Act - Amends the Internal Revenue Code to: (1) exempt from the penalty for premature distributions from a tax-qualified retirement plan a one-time distribution made to an employee living and working in a county enumerated in a presidentially declared disaster or emergency; (2) allow such distribution to be spread evenly in income over a five-year period for income tax purposes; and (3) allow survivors of disasters to make catch-up contributions to retirement plans.

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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

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