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- H.R.5978
H.R.5978: Small Business Tax Relief and Retirement Restoration Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 29, 2010
- Latest Major Action July 29, 2010
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (7 Democrats, 4 Republicans)
Bill Summary
Small Business Tax Relief and Retirement Restoration Act of 2010 - Amends the Internal Revenue Code to permit until December 31, 2010, penalty-free distributions from an individual retirement account (IRA) or a qualified employer plan for the purpose of making loans to a small business to purchase depreciable property to be used by such business or for employee salaries or wages (other than for bonuses). Requires such loans to be repaid to the...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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July 29, 2010 |
Introduced in the House by Niki Tsongas (D-Mass.) |