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
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.
This Act may be cited as the
Reservists and Guardsmen Tax Relief Act of 2007.
Extension of penalty-free withdrawals by military reservists or national guardsmen called to active duty
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.
The amendment made by this section shall apply to individuals ordered or called to active duty on or after December 31, 2007.