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- H.R.1661
H.R.1661: Small Business Tax Relief and Retirement Restoration Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 15, 2011
- Latest Major Action April 15, 2011
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (6 Democrats, 3 Republicans)
Bill Summary
Small Business Tax Relief and Retirement Restoration Act of 2011 - Amends the Internal Revenue Code to permit until December 31, 2011, 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 |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 15, 2011 |
Introduced in the House by Niki Tsongas (D-Mass.) |