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H.R. 2355House110th Congress (2007-2009)In Committee

Reservists and Guardsmen Tax Relief Act of 2007

Sponsored by Dave WeldonRep. Dave Weldon (R-FL)
Introduced May 16, 2007

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3 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Health.

Health Subcommittee

May 25, 2007

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HouseIntro Referral

Introduced in House

May 16, 2007

HouseIntro Referral

Sponsor introductory remarks on measure. (CR E1068)

May 16, 2007

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

May 16, 2007

HouseCommittee

Referred to the Subcommittee on Health.

Health Subcommittee

May 25, 2007

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Introduced in HouseIssued May 16, 2007

I

110th CONGRESS

1st Session

H. R. 2355

IN THE HOUSE OF REPRESENTATIVES

May 16, 2007

Mr. Weldon of Florida introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to extend the authority for penalty-free withdrawals from retirement plans by military reservists or national guardsmen called to active duty for extended periods.

1.

Short title

This Act may be cited as the Reservists and Guardsmen Tax Relief Act of 2007.

2.

Extension of penalty-free withdrawals by military reservists or national guardsmen called to active duty

(a)

In general

Clause (iv) of section 72(t)(2)(G) of the Internal Revenue Code of 1986 (relating to application of subparagraph) is amended by striking December 31, 2007 and inserting January 1, 2009.

(b)

Effective date

The amendment made by this section shall apply to individuals ordered or called to active duty on or after December 31, 2007.