To amend the Internal Revenue Code of 1986 to extend for 1 year the authority for individuals called to active duty to make penalty-free withdrawals from retirement plans and for the use of tax-exempt bonds to finance homes for veterans without regard to the first-time homebuyer requirement.
Military Financial Assistance Act of 2007 - Amends the Internal Revenue Code to extend through 2008: (1) the exemption from tax penalties for withdrawals from retirement plans made by active duty military personnel; and (2) mortgage revenue bond issuance authority for financing of home purchases by veterans.
Referred to the House Committee on Ways and Means.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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