US SB969 | 2015-2016 | 114th Congress
Status
Sponsorship: Bipartisan Bill
Status: Introduced on April 16 2015 - 25% progression, died in committee
Action: 2015-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 16 2015 - 25% progression, died in committee
Action: 2015-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Federal Public Safety Retirement Fairness Act of 2015 This bill 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 law enforcement officer who has reached age 50 or has completed 25 years of credible service, whichever is earlier. The bill defines "qualified law enforcement officer" as an individual who is employed by the federal government as a law enforcement officer or as a firefighter and has completed 20 years of creditable service, or an individual who is employed as an air traffic controller and has completed 20 years of creditable service.
Title
Federal Public Safety Retirement Fairness Act of 2015
Sponsors
| Sen. Pat Toomey [R-PA] | Sen. Michael Bennet [D-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-04-16 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB380 (Related) 2015-02-05 - Read twice and referred to the Committee on Finance.
Subjects
Aviation and airports
Department of Defense
Department of Justice
Department of Transportation
Employee benefits and pensions
Fires
Government employee pay, benefits, personnel management
Income tax exclusion
Law enforcement officers
Sales and excise taxes
Taxation
Department of Defense
Department of Justice
Department of Transportation
Employee benefits and pensions
Fires
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/969/all-info |
| Text | https://www.congress.gov/114/bills/s969/BILLS-114s969is.pdf |
