II
117th CONGRESS
2d Session
S. 4024
IN THE SENATE OF THE UNITED STATES
April 7, 2022
Mr. Toomey (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to extend the exemption from the retirement plan early withdrawal penalty for public safety officers to State and local government corrections employees.
Short title
This Act may be cited as the State and Local Corrections Officer Retirement Fairness Act of 2022
.
Exemption from early withdrawal penalty for certain State and local government corrections employees
In general
Clause (i) of section 72(t)(10)(B) of the Internal Revenue Code of 1986 is amended by striking or emergency medical services
and inserting emergency medical services, or services as a corrections officer or as a forensic security employee providing for the care, custody, and control of forensic patients
.
Effective date
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.