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H.R. 3872

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to allow loans from individual retirement plans for qualified small business capital assets.
About This Bill
Committee
Latest Action · September 22, 2005
Referred to the House Committee on Ways and Means.
Congress
109th (2005–2007)
Introduced
September 22, 2005
Cosponsors (1)
0D 1R
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Summary

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Amends the Internal Revenue Code to exempt from the penalty tax for prohibited transactions loans from an individual retirement plan to acquire certain small business capital assets. Requires such loans to be repaid within five years.

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