HR 1526

112th CONGRESS
1st Session

H. R. 1526

To amend the Internal Revenue Code of 1986 to except from the early distribution penalty certain qualified retirement plan distributions used to purchase a residence that has been in foreclosure for a year or more.

IN THE HOUSE OF REPRESENTATIVES

April 13, 2011

Mr. POSEY 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 except from the early distribution penalty certain qualified retirement plan distributions used to purchase a residence that has been in foreclosure for a year or more.

SECTION 1. SHORT TITLE.

SEC. 2. EXCEPTION TO EARLY DISTRIBUTION PENALTY FOR DISTRIBUTION TO BUY A RESIDENCE IN FORECLOSURE.

END