To amend the Internal Revenue Code of 1986 to waive the 10 percent penalty on withdrawals from qualified retirement plans upon receipt of notice of foreclosure on a principal residence.

Summary

Amends the Internal Revenue Code to exempt a taxpayer from the 10% penalty on premature withdrawals from tax-exempt retirement plans if such taxpayer received a foreclosure notice relating to a mortgage on a principal residence and makes a withdrawal from a retirement account after July 31, 2007, and before January 1, 2011.

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

Timeline

1. 16 April 2008

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 April 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 April 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 April 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 April 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 April 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 April 2008

  Open at official source

Sponsors

• Rep. Cardoza, Dennis A. [D-CA-18] · D · Sponsor
• · hswm00 · Standing

Related records

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