Relief act lifts penalty on tapping retirement funds for Katrina victims: South Florida Sun-Sentinel

Relief act lifts penalty on tapping retirement funds for Katrina victims: South Florida Sun-Sentinel: "Relief act lifts penalty on tapping retirement funds for Katrina victims

By Harriet Johnson Brackey
Business Writer
Posted September 28 2005

Thanks to Hurricane Katrina, some South Floridians can tap their retirement accounts without incurring penalties and possibly income taxes, too.

President Bush signed the Katrina Emergency Tax Relief Act into law on Friday, sending a generous tax break to residents of Broward, Miami-Dade, Monroe and a handful of other Florida counties along with federally declared disaster areas in Louisiana, Alabama and Mississippi."