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- S.1432
S.1432: A bill to amend the Internal Revenue Code of 1986 to modify the exception from the 10 percent penalty for early withdrawals from governmental plans for Federal and State qualified public safety employees.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced July 27, 2011
- Latest Major Action July 27, 2011
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) modify the exemption from the 10% penalty for premature distributions from governmental employee benefit plans to qualified public safety employees to eliminate the restriction that such plans be defined benefit plans; (2) expand the definition of "qualified public safety employee" to include federal employees; and (3) exempt from tax penalties certain periodic payments made to qualified public safety...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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July 27, 2011 |
Introduced in the Senate by Bill Nelson (D-Fla.) |