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H.R. 5318

BillFederalHouseIn Committee
Small Business Investment Penalty Relief Act of 2010
About This Bill
Committee
Latest Action · May 14, 2010
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
May 14, 2010
Cosponsors (25)
1D 24R
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Summary

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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).

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