A bill to amend the Internal Revenue Code of 1954 to allow the deduction for individuals retirement savings to certain individuals who are active but unvested participants in employer pension plans.

referredUnited States· United States Congress· EN

Introduced

27 February 1978

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow active participants in a retirement plan an income tax deduction for contributions to an individual retirement account in taxable years prior to the vesting of the individual's rights under the retirement plan. Requires prompt distribution of deducted contributions when employees' rights become vested.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 27 February 1978
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/11161
Open data entity: https://api.congress.gov/v3/bill/95/hr/11161