[Congressional Bills 110th Congress] [From the U.S. Government Publishing Office] [H.R. 867 Introduced in House (IH)] 110th CONGRESS 1st Session H. R. 867 To amend the Internal Revenue Code of 1986 to make permanent the provision for penalty-free withdrawals from individual retirement plans for qualified reservist distributions. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 7, 2007 Mr. Reynolds 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 the provision for penalty-free withdrawals from individual retirement plans for qualified reservist distributions. 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 ``Guardsmen & Reservists' Tax Fairness Act of 2007''. SEC. 2. PENALTY-FREE WITHDRAWAL FOR QUALIFIED RESERVIST DISTRIBUTIONS MADE PERMANENT. Clause (iv) of section 72(t)(2)(G) of the Internal Revenue Code of 1986 (relating to distributions from retirement plans to individuals called to active duty) is amended by striking ``, and before December 31, 2007''. <all>