To amend the Internal Revenue Code of 1986 to make inapplicable the 10 percent additional tax on early distributions from certain pension plans of public safety employees.

H.R. 4796 aims to provide financial relief to retired first responders by exempting them from a specific tax penalty on early retirement withdrawals. Under current law, individuals who withdraw funds from their pension plans before age 59½ typically face a 10 percent additional tax; this bill would eliminate that penalty for "qualified public safety employees" receiving benefits from a governmental plan. Specifically, it targets benefits received through Deferred Retirement Option Plans (DROP), allowing police officers, firefighters, and emergency medical personnel to access their earned retirement savings without the standard tax surcharge.