A bill to amend the Internal Revenue Code of 1954 to provide that the deductions for retirement savings shall be the lesser of 15 percent of the taxpayer's compensation or $7,500.

referredUnited States· United States Congress· EN

Introduced

3 February 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides that the deduction for retirement savings under the Internal Revenue Code shall be the lesser of 15 percent of the taxpayer's compensation or $7,500 for each taxable year.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 3 February 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/2610
Open data entity: https://api.congress.gov/v3/bill/94/hr/2610