A bill to amend the Internal Revenue Code of 1986 to permanently allow penalty-free withdrawals from retirement plans for individuals called to active duty for at least 179 days.
National Guard and Reservists Financial Relief Act - Amends the Internal Revenue Code to make permanent the exemption from tax penalties for premature distributions from retirement plans by members of the National Guard or Ready Reserve called to active duty.
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Health.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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