US SB1657 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on September 9 2009 - 25% progression, died in chamber
Action: 2009-09-09 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 9 2009 - 25% progression, died in chamber
Action: 2009-09-09 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
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; and (2) exempt from tax penalties certain periodic payments made to qualified public safety employees before the enactment of the Pension Protection Act of 2006 (i.e., August 17, 2006).
Title
A bill to amend the Internal Revenue Code of 1986 to modify the exception from the 10 percent penalty for early withdrawals from government plans for qualified public safety employees.
Sponsors
| Sen. John Cornyn [R-TX] | Sen. Bill Nelson [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-09-09 | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB721 (Same As) 2009-01-27 - Referred to the House Committee on Ways and Means.
HB4239 (Related) 2009-12-08 - Referred to the House Committee on Ways and Means.
HB4239 (Related) 2009-12-08 - Referred to the House Committee on Ways and Means.
Subjects
Emergency medical services and trauma care
Fires
Government employee pay, benefits, personnel management
Health personnel
Income tax exclusion
Law enforcement officers
Tax administration and collection, taxpayers
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1657/all-info |
| Text | https://www.congress.gov/111/bills/s1657/BILLS-111s1657is.pdf |
