To amend the Internal Revenue Code of 1986 to allow deductible contributions to individual retirement plans designated as Retirement Years Savings Accounts.

Summary

Amends the Internal Revenue Code to allow a deduction for contributions made by an individual who is younger than the age of 40 to an individual retirement plan designated as a Retirement Years Savings Account (RYS). Prohibits any rollover contribution to an RYS account unless: (1) such contribution is from another RYS account; or (2) such contribution is from another individual retirement plan (other than an RYS account) and is made before January 1998.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 September 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 19 September 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 September 1995

  Open at official source

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