To amend the Internal Revenue Code of 1986 to modify the exception from the 10 percent penalty for early withdrawals from governmental plans for qualified public safety employees.

Summary

Amends the Internal Revenue Code to: (1) modify the exemption from the 10% penalty for premature distributions from governmental employee benefit plans to qualified public safety employees to eliminate the restriction that such plans be defined benefit plans; and (2) exempt from tax penalties certain periodic payments made to qualified public safety employees before the enactment of the Pension Protection Act of 2006 (i.e., August 17, 2006).

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

Timeline

1. 27 January 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 27 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 January 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 January 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 January 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 January 2009

  Open at official source

Sponsors

• Rep. Meek, Kendrick B. [D-FL-17] · D · Sponsor
• KEVIN BRADY · R · Sponsor
• GENE GREEN · D · Cosponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• ILEANA ROS-LEHTINEN · R · Cosponsor
• Rep. Andrews, Robert E. [D-NJ-1] · D · Cosponsor
• Rep. Carney, Christopher P. [D-PA-10] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← To amend the Internal Revenue Code of 1986 to modify the exception from the 10 percent penalty for early withdrawals from governmental plans for Federal and State qualified public safety employees.
• related to ← A bill to amend the Internal Revenue Code of 1986 to modify the exception from the 10 percent penalty for early withdrawals from government plans for qualified public safety employees.