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- H.R.5822
H.R.5822: To amend the Internal Revenue Code of 1986 to waive the 10 percent penalty on withdrawals from qualified retirement plans upon receipt of notice of foreclosure on a principal residence.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced April 16, 2008
- Latest Major Action April 16, 2008
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to exempt a taxpayer from the 10% penalty on premature withdrawals from tax-exempt retirement plans if such taxpayer received a foreclosure notice relating to a mortgage on a principal residence and makes a withdrawal from a retirement account after July 31, 2007, and before January 1, 2011.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 16, 2008 |
Introduced in the House by Dennis Cardoza (D-Calif.) |