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- H.R.1295
H.R.1295: Expanding Penalty Free Withdrawal Act of 2019
About This Bill
- Introduced Feb. 14, 2019
- Latest Major Action Feb. 14, 2019
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (All Democrats)
Bill Version
- Introduced in House - Feb. 14, 2019
Bill Summary
Expanding Penalty Free Withdrawal Act of 2019 This bill expands the exceptions in the Internal Revenue Code that permit penalty-free distributions to unemployed individuals from retirement plans. The 10% additional tax on early distributions from retirement plans does not apply to an individual after separation from employment if (1) the individual has received federal or state unemployment compensation for 26 consecutive weeks or, if less,...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 14, 2019 |
Referred to the House Committee on Ways and Means.
|
| Feb. 14, 2019 |
Introduced in the House by Bonnie Watson Coleman (D-N.J.) |