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United States · Bill · HR

H.R. 5318 (111th)

Small Business Investment Penalty Relief Act of 2010

referredUnited States· United States Congress· EN

Introduced

14 May 2010

Last action

14 May 2010 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Gingrey, Phil [R-GA-11], Rep. Pence, Mike [R-IN-6], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Bishop, Rob [R-UT-1], Sen. Blackburn, Marsha [R-TN], Rep. Franks, Trent [R-AZ-8], Rep. Granger, Kay [R-TX-12], Rep. Hall, Ralph M. [R-TX-4], Sen. Lummis, Cynthia M. [R-WY], Rep. Marchant, Kenny [R-TX-24], Rep. McClintock, Tom [R-CA-5], Rep. Pitts, Joseph R. [R-PA-16], Rep. Posey, Bill [R-FL-8], Rep. Kingston, Jack [R-GA-1], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Duncan, John J., Jr. [R-TN-2], Rep. McMorris Rodgers, Cathy [R-WA-5], Rep. Buyer, Steve [R-IN-4], Rep. Latta, Robert E. [R-OH-5], Rep. Westmoreland, Lynn A. [R-GA-3], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Price, Tom [R-GA-6], Rep. Edwards, Chet [D-TX-17], Rep. Broun, Paul C. [R-GA-10], Rep. Barrett, J. Gresham [R-SC-3], Rep. Wittman, Robert J. [R-VA-1]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Summary

Small Business Investment Penalty Relief Act of 2010 - Amends the Internal Revenue Code to waive the 10% penalty on premature distributions made in 2010 or 2011 from a tax-exempt retirement plan if made for investment in a qualified small business (defined as having gross receipts not exceeding $20 million or not more than 50 full-time employees during the preceding taxable year).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 May 2010

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 14 May 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 May 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 14 May 2010

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 14 May 2010

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 14 May 2010

    Open at official source

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Sponsors

Related records

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Sources

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