H.R. 5318 · 111th Congress
Small Business Investment Penalty Relief Act of 2010
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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GingreySponsor25 cosponsors · 1 D, 24 R
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Bartlett
MB
R
Blackburn
RB
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Bishop
TF
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Franks
KG
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Granger
RH
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Hall
CL
R
Lummis
KM
R
Marchant
TM
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McClintock
JP
R
Pitts
MP
R
Pence
BP
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Posey
JK
R
Kingston
FS
R
Sensenbrenner
SB
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Buyer
JD
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Duncan
RL
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Latta
CM
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McMorris Rodgers
LW
R
Westmoreland
WJ
R
Jones
TP
R
Price
CE
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Edwards
PB
R
Broun
JG
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Gresham Barrett
RW
R
Wittman12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Investment Penalty Relief Act of 2010 - Amends the Internal Revenue Code to waive the 10% penalty on premature distributions made in 2010 or 2011 from a tax-exempt retirement plan if made for investment in a qualified small business (defined as having gross receipts not exceeding $20 million or not more than 50 full-time employees during the…
What it does: CRS summary · Introduced in House · May 14, 2010
Small Business Investment Penalty Relief Act of 2010 - Amends the Internal Revenue Code to waive the 10% penalty on premature distributions made in 2010 or 2011 from a tax-exempt retirement plan if made for investment in a qualified small business (defined as having gross receipts not exceeding $20 million or not more than 50 full-time employees during the preceding taxable year).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Investment Penalty Relief Act of 2010
Latest action (May 14, 2010): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 14, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.