United States · Bill · HR
H.R. 3872 (109th)
To amend the Internal Revenue Code of 1986 to allow loans from individual retirement plans for qualified small business capital assets.
Introduced
22 September 2005
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 January 2025
Summary
Amends the Internal Revenue Code to exempt from the penalty tax for prohibited transactions loans from an individual retirement plan to acquire certain small business capital assets. Requires such loans to be repaid within five years.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 22 September 2005
Introduced in House (PDF)
Introduced in House · EN · 22 September 2005
Introduced in House
summary · EN · 22 September 2005
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/house-bill/3872
- Open data entity: https://api.congress.gov/v3/bill/109/hr/3872