H.R. 3759 — To amend the Internal Revenue Code of 1986 to allow withdrawals from qualified retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of Hurricane Katrina.

Summary

Amends the Internal Revenue Code to allow distributions from tax-qualified retirement plans made before December 31, 2006, to individuals who reside within, or own real property located in, a Hurricane Katrina disaster area, without incurring the 10 percent penalty for premature distributions.

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Related Legislation

H.R. 3733Emergency Savings Relief Act of 2005
2005-09-13Referred to the House Committee on Ways and Means.
Related
H.R. 3741Disaster Victims' Savings Access Act
2005-09-13Referred to the House Committee on Ways and Means.
Related
H.R. 3742To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters.
2005-09-13Referred to the House Committee on Ways and Means.
Related
H.R. 3751Retirement Account Emergency Access Act of 2005
2005-09-13Referred to the House Committee on Ways and Means.
Related

Legislative Actions

2005-09-13
Introduced in House
2005-09-13
Introduced in House
2005-09-13
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to allow withdrawals from qualified retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of Hurricane Katrina.

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