To amend the Internal Revenue Code of 1986 to make inapplicable the 10 percent additional tax on early distributions from certain pension plans of public safety employees.

Fact Sheet API

Bill Number

HR 4796

Introduced

May 22, 2002

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Civil Service pensions Crime and Law Enforcement Emergency Management Emergency medical personnel Fire fighters Government Operations and Politics Health Income tax Labor and Employment Local employees Paramedical personnel Personal income tax Police State employees Tax exclusion Tax penalties Taxation

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Votes

Summary

Amends the Internal Revenue Code to make the 10 percent additional tax on early distributions of pension plans inapplicable in the case of a "qualified public safety employee" receiving a specified type of benefit (DROP benefit) from a governmental pension plan. Defines "qualified public safety employee."

Actions

May 22, 2002

Referred to the House Committee on Ways and Means.
May 22, 2002

Introduced in House

Amendments

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