3.0.0 3733 2023-01-13T04:50:14Z 2023-01-13T04:50:14Z House H HR 2005-09-13 109 hswm00 Ways and Means Committee House Standing Referred to 2005-09-13T16:34:00Z Disaster Victims' Savings Access Act 109 3741 HR 2005-09-13 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters. 109 3742 HR 2005-09-13 Referred to the House Committee on Ways and Means. Related bill CRS Retirement Account Emergency Access Act of 2005 109 3751 HR 2005-09-13 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to allow withdrawals from qualified retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of Hurricane Katrina. 109 3759 HR 2005-09-13 Referred to the House Committee on Ways and Means. Related bill CRS 2005-09-13 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-09-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-09-13 Introduced in House IntroReferral 1000 9 Library of Congress D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 N Taxation Alabama Annuities Disaster relief Emergency Management Floods Florida Hurricane aftermath legislation Hurricanes Income tax Individual retirement accounts Labor and Employment Louisiana Mississippi Tax administration Tax exclusion Tax penalties Water Resources Development Taxation 00 2005-09-13 Introduced in House 2005-09-19T20:17:05Z Emergency Savings Relief Act of 2005 - Amends the Internal Revenue Code to exempt a qualified Katrina-relief distribution from the 10 percent penalty for premature retirement plan distributions. Defines "qualified Katrina-relief distribution" as one made after August 24, 2005, and before the end of six months after enactment of this Act from a tax-qualified retirement plan for an individual who encounters hardship by reason of Hurricane Katrina.

Permits repayments of qualified Katrina-relief distributions to an individual retirement plan within five years of the initial distribution.

]]> Emergency Savings Relief Act of 2005 Display Title Emergency Savings Relief Act of 2005 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow individuals who are victims of Hurricane Katrina to withdraw funds without penalty from their individual retirement accounts and certain other retirement plans. Introduced in House IH Short Titles as Introduced Emergency Savings Relief Act of 2005 Introduced in House 2005-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3733ih/xml/BILLS-109hr3733ih.xml 2005-09-13 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.