Summary: H.R.3872 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.3872. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/22/2005)

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.