To amend the Internal Revenue Code of 1986 to allow seniors a one-time, tax-free retirement plan distribution to pay for essential repairs to a principal residence, for medical expenses, or for expenses attributable to a Federally declared disaster.
Seniors Emergency Hardship Relief Act of 2011 - Amends the Internal Revenue Code to exclude a qualified senior distribution from gross income for income tax purposes. Defines a "qualified senior distribution" as any distribution to an individual from a tax-exempt retirement plan if such individual is at least age 65 at the time of the distribution and the distribution does not exceed the lesser of $10,000 or an amount equal to the sum of necessary repairs to the taxpayer's principal residence, medical care not compensated for by insurance, and expenses incurred in a disaster area in which the taxpayer's principal residence is located.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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