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United States · Bill · HR

H.R. 2000 (98th)

Savings Incentive Act of 1983

referredUnited States· United States Congress· EN

Introduced

9 March 1983

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Savings Incentive Act of 1983 - Amends the Internal Revenue Code to allow nondeductible excess contributions to individual retirement accounts and individual retirement annuities up to a specified amount. Permits withdrawals from such accounts or annuities up to $10,000 without tax penalty, in order to purchase a first home or finance the higher or vocational education of a dependent child.

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Documents

1 official file

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Sources

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