A bill to amend the Internal Revenue Code of 1954 to provide for individual supplemental retirement savings.

Summary

Amends the Internal Revenue Code to increase from $1,500 to $5,000 the deduction allowed for contributions to individual retirement accounts. Eliminates the present prohibition of such deductions by taxpayers who are participants in other retirement plans.

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

Timeline

1. 23 August 1976

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 August 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 August 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 · 23 August 1976

  Open at official source

Sponsors

• Rep. Whitehurst, G. William [R-VA-2] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide for individual supplemental retirement savings.