Guardsmen and Reservists Financial Relief Act of 2004

Summary

Guardsmen and Reservists Financial Relief Act of 2004 - Amends the Internal Revenue Code to exempt from the ten percent penalty on early distributions from tax-exempt retirement plans withdrawals made by military reservists or national guardsmen called to active duty for a period in excess of 179 days or for an indefinite period. Permits reimbursement of such withdrawals within two years after the end of the active duty period. Applies the provisions of this Act to individuals ordered or called to active duty after September 11, 2001, and before September 12, 2005, for retirement plan distributions made after September 11, 2001.

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Timeline

1. 21 May 2004

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6093)

   Source: IntroReferral

2. 21 May 2004

   Introduced

   Sponsor introductory remarks on measure. (CR S6093)

   Source: IntroReferral

3. 21 May 2004

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 21 May 2004 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 May 2004

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 May 2004

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 May 2004

  Open at official source

Sponsors

• Sen. Allard, Wayne [R-CO] · R · Sponsor
• Richard Durbin · D · Sponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
• Rep. Thomas, Craig [R-WY-At Large] · R · Cosponsor
• Rep. Cochran, Thad [R-MS-4] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Guardsmen and Reservists Financial Relief Act of 2004
• related to → Guardsmen and Reservists Financial Relief Act of 2004