Savings and Investment Incentive Act of 1997

Summary

TABLE OF CONTENTS: Title I: Retirement Savings Incentives Subtitle A: Restoration of IRA Deduction Subtitle B: Nondeductible Tax-Free IRAs Title II: Penalty-Free Distributions Savings and Investment Incentive Act of 1997 - Title I: Retirement Savings Incentives - Subtitle A: Restoration of IRA Deduction - Amends the Internal Revenue Code, with respect to the deduction for individual retirement accounts (IRAs), to increase the income limits applicable to active participants. Removes limitations on a spouse's participation. (Sec. 102) Provides an inflation adjustment for the deductible amount. (Sec. 103) Revises provisions concerning the allowance of certain coins and bullion as IRA investments. Subtitle B: Nondeductible Tax-Free IRAs - Permits individuals to establish IRA Plus accounts which shall be treated similarly to an IRA plan. Prohibits deductions for contributions to such accounts. Sets forth distribution rules (including the exclusion of qualified distributions from gross income). Title II: Penalty-Free Distributions - Permits distributions without penalty for qualified: (1) first home purchases; (2) higher education expenses; and (3) unemployed individuals.

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Timeline

1. 9 January 1997

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 January 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 January 1997

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 January 1997 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 January 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 January 1997

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 9 January 1997

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Thomas, William M. [R-CA-21] · R · Sponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Sen. Ensign, John [R-NV] · R · Sponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Sponsor
• Rep. McIntosh, David M. [R-IN-2] · R · Sponsor
• Rep. Livingston, Bob [R-LA-1] · R · Sponsor
• Rep. Ehrlich, Robert L., Jr. [R-MD-2] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Frost, Martin [D-TX-24] · D · Sponsor
• Rep. Cook, Merrill [R-UT-2] · R · Sponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Sponsor
• Rep. Dunn, Jennifer [R-WA-8] · R · Sponsor
• Rep. Crane, Philip M. [R-IL-8] · R · Sponsor
• Sen. Graham, Lindsey [R-SC] · R · Sponsor
• Rep. Green, Gene [D-TX-29] · D · Sponsor
• Rep. McCrery, Jim [R-LA-4] · R · Sponsor
• Rep. Saxton, Jim [R-NJ-3] · R · Sponsor
• Rep. Barrett, Bill [R-NE-3] · R · Sponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Sponsor
• Del. Underwood, Robert A. [D-GU-At Large] · D · Cosponsor
• Rep. Royce, Edward R. [R-CA-39] · R · Cosponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Cosponsor
• Rep. Barcia, James A. [D-MI-5] · D · Cosponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Cosponsor
• Rep. Rogan, James E. [R-CA-27] · R · Cosponsor
• Rep. Weldon, Dave [R-FL-15] · R · Cosponsor
• Rep. Smith, Nick [R-MI-7] · R · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Cosponsor
• Rep. Rahall, Nick J., II [D-WV-3] · D · Cosponsor
• Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
• Rep. Parker, Mike [R-MS-4] · R · Cosponsor
• Rep. Christensen, Jon [R-NE-2] · R · Cosponsor
• Rep. Klug, Scott L. [R-WI-2] · R · Cosponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Cosponsor
• Rep. Upton, Fred [R-MI-6] · R · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Condit, Gary A. [D-CA-18] · D · Cosponsor
• Rep. Rush, Bobby L. [D-IL-1] · D · Cosponsor
• Rep. Watkins, Wes [R-OK-3] · R · Cosponsor
• Rep. Oxley, Michael G. [R-OH-4] · R · Cosponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Cosponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Cosponsor

Showing 48 of 142 sponsors and actors.

Related records

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