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United States · Bill · HR

H.R. 12173 (93rd)

A bill to amend the Internal Revenue Code of 1954 to raise the limitations on contributions by self-employed individuals to certain retirement plans.

referredUnited States· United States Congress· EN

Introduced

21 January 1974

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Provides for an increase in the contribution limitation for self-employed individuals to qualified retirement plans under the Internal Revenue Code. Limits the tax deduction for such contributions during any taxable year to $7,500 or 15 percent of the earned income of such self-employed individual.

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Votes

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Documents

1 official file

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Sources

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