To amend the Internal Revenue Code of 1986 to waive the 10-percent additional tax on early distributions from section 401(k) plans in the case of hardship of certain employees due to facility closures or employers in bankruptcy.
Blue-Collar Employee Relief Act of 2003 - Amends the Internal Revenue Code to exempt from the 10-percent additional tax on early withdrawals from qualified retirement plans certain former employees of bankrupt employers and certain former employees of closed facilities.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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