US SB380 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Correctional Officer Fairness Act of 2015 Amends the Internal Revenue Code to exempt from the 10% additional tax on early distributions from tax-exempt retirement plans distributions from a thrift savings fund to a qualified federal correctional officer who has reached age 50 or has completed 25 years of credible service, whichever is earlier. Defines "qualified federal correctional officer" as an individual who is employed by the Federal Bureau of Prisons as a correctional officer and has completed 20 years of creditable service.
Title
Correctional Officer Fairness Act of 2015
Sponsors
Sen. Pat Toomey [R-PA] | Sen. Michael Bennet [D-CO] | Sen. Shelley Capito [R-WV] |
History
Date | Chamber | Action |
---|---|---|
2015-02-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB969 (Related) 2015-04-16 - Read twice and referred to the Committee on Finance.
Subjects
Correctional facilities and imprisonment
Department of Justice
Employee benefits and pensions
Government employee pay, benefits, personnel management
Income tax exclusion
Law enforcement officers
Sales and excise taxes
Taxation
Department of Justice
Employee benefits and pensions
Government employee pay, benefits, personnel management
Income tax exclusion
Law enforcement officers
Sales and excise taxes
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/380/all-info |
Text | https://www.congress.gov/114/bills/s380/BILLS-114s380is.pdf |