[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3594 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3594

 To amend the Internal Revenue Code of 1986 to make permanent law the 
penalty-free distributions from retirement plans to individuals called 
                            to active duty.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 19, 2007

 Mr. Lampson 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 make permanent law the 
penalty-free distributions from retirement plans to individuals called 
                            to active duty.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``America's Heroes Tax Relief Act of 
2007''.

SEC. 2. PENALTY-FREE DISTRIBUTIONS FROM RETIREMENT PLANS TO INDIVIDUALS 
              CALLED TO ACTIVE DUTY MADE PERMANENT LAW.

    (a) In General.--Subparagraph (G) of section 72(t)(2) of the 
Internal Revenue Code of 1986 is amended by striking clause (iv).
    (b) Effective Date.--The amendment made by this section shall apply 
to distributions after December 31, 2007.
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