A bill to amend the Internal Revenue Code of 1954 to provide that members of a Reserve component of the Armed Forces will not be disqualified for retirement savings because of their participation in the Armed Forces retirement system.

Summary

Stipulates that an individual who is a member of a Reserve component of the Armed Forces will not be disqualified from taking the retirement savings deduction, under the Internal Revenue Code, because of such individual's participation in the Armed Forces retirement system, unless such individual was called to active duty during such taxable year for a period in excess of 30 days.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 May 1976

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 26 May 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 May 1976

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 26 May 1976

  Open at official source

Sponsors

• Rep. Montgomery, G. V. (Sonny) [D-MS-3] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide that members of a Reserve component of the Armed Forces will not be disqualified from taking the deduction for retirement savings because of their participation in the Armed Forces retirement system.