United States · Bill · HR
H.R. 5693 (96th)
IRA Tax Credit Act of 1979
Introduced
24 October 1979
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
IRA Tax Credit Act of 1979 - Amends the Internal Revenue Code to allow participants in an employer pension plan an income tax credit equal to 25 percent of contributions made to an individual retirement account. Limits the amount of such credit to the lesser of $1,500 or 15 percent of an employee's compensation for a 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 · 24 October 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/5693
- Open data entity: https://api.congress.gov/v3/bill/96/hr/5693