A bill 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.

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; (2) expand the definition of "qualified public safety employee" to include federal employees; and (3) 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).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 July 2011

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 July 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 July 2011

  Open at official source

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