A bill to amend the Internal Revenue Code of 1986 to make inapplicable the 10 percent additional tax on early distributions from certain pension plans of public safety employees.

Summary

Amends the Internal Revenue Code to make the 10 percent additional tax on early distributions of pension plans inapplicable in the case of a "qualified public safety employee" receiving a specified type of benefit (DROP benefit) from a governmental pension plan. Defines "qualified public safety employee."

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

Timeline

1. 31 March 2003

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 31 March 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 31 March 2003 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 31 March 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 31 March 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 31 March 2003

  Open at official source

Sponsors

• Sen. Santorum, Rick [R-PA] · R · Sponsor
• Sen. Graham, Bob [D-FL] · D · Sponsor
• Rep. Inhofe, James M. [R-OK-1] · R · Sponsor
• Sen. Hutchison, Kay Bailey [R-TX] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to make inapplicable the 10 percent additional tax on early distributions from certain pension plans of public safety employees.