H.R. 810IntroducedHouse · nowSenatePresidentLawIn committeeSec. 7 · H.R. 810
Restoring lower penalty for nonqualified distributions
Read this section in the full bill →
This section appears in one version only, so there is nothing to compare yet.
(a) In general Section 223(f)(4)(A) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 10 percent. (b) Effective date The amendments made by this section shall apply to distributions made in taxable years beginning after December 31, 2024.