To amend the Internal Revenue Code of 1986 to waive the 10 percent early distribution penalty with respect to withdrawals by unemployed veterans from certain retirement accounts.
Veteran Self Relief Act of 2012 - Amends the Internal Revenue Code to allow an unemployed veteran to withdraw amounts from an individual retirement account (IRA) or thrift savings account without incurring the 10% penalty for premature distributions from pension plans if such veteran has received unemployment compensation for 12 consecutive weeks during a 1-year uninterrupted period of unemployment beginning on the date of such veteran's discharge or release from active duty.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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