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United States · Bill · HR

H.R. 2882 (97th)

Employee Retirement Savings Act of 1981

referredUnited States· United States Congress· EN

Introduced

26 March 1981

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Employee Retirement Savings Act of 1981 - Amends the Internal Revenue Code to allow employees who are participants in tax-qualified employer retirement plans an income tax deduction for contributions to such plans or to individual retirement plans. Limits the amount of such deduction to the amount by which the employee's compensation for the taxable year or $2,000, whichever is less, exceeds the sum of amounts contributed by the employer for an annuity contract and any amount of employment tax which would be paid if the employee were subject to the employment tax.

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Documents

1 official file

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