HR 350 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow certain individuals who have attained age 50 and who are unemployed to receive distributions from qualified retirement plans without incurring a 10 percent additional tax.

Introduced 2005-01-25· Sponsored by Rep. Platts, Todd Russell [R-PA-19]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to make the ten percent additional tax on early distributions from qualified retirement plans inapplicable to individuals who have attained the age of 50 and who have been receiving unemployment compensation for 12 consecutive weeks.…

Summarized by Claude AI · Non-partisan · For informational purposes only