To amend the Internal Revenue Code of 1986 to extend the authority for penalty-free withdrawals from retirement plans by military reservists or national guardsmen called to active duty for extended periods.


Reservists and Guardsmen Tax Relief Act of 2007 - Amends the Internal Revenue Code to extend through 2008 the exemption from tax penalties for premature distributions from retirement plans by members of the National Guard or Ready Reserve called to active duty.

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