HR 3759 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow withdrawals from qualified retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of Hurricane Katrina.

Introduced 2005-09-13· Sponsored by Rep. Wynn, Albert Russell [D-MD-4]· 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.(2005-09-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow distributions from tax-qualified retirement plans made before December 31, 2006, to individuals who reside within, or own real property located in, a Hurricane Katrina disaster area, without incurring the 10 percent penalty for premature distributions.…

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

Cosponsors (1)

1 Republican
Rep. Lewis, Ron [R-KY-2]KY