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H.R. 5940 (98th)

A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.

referredUnited States· United States Congress· EN

Introduced

27 June 1984

Last action

27 June 1984 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Daub, Hal [R-NE-2], Rep. Frank, Barney [D-MA-4], Rep. Fuqua, Don [D-FL-2], Rep. Hyde, Henry J. [R-IL-6], Rep. Kindness, Thomas N. [R-OH-8], Rep. Horton, Frank J. [R-NY-29], Sen. DeWine, Mike [R-OH], Rep. Yatron, Gus [D-PA-6], Rep. Porter, John Edward [R-IL-10], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Lewis, Thomas F. [R-FL-12], Rep. Frenzel, Bill [R-MN-3], Sen. Coats, Daniel [R-IN], Rep. Bliley, Tom [R-VA-7], Rep. Dreier, David [R-CA-26], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Ritter, Don [R-PA-15], Rep. Evans, Cooper [R-IA-3]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to: (1) increase in four steps the maximum annual dollar amount limitation on deductions for contributions to an individual retirement account of a spouse; (2) repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year; and (3) provide that the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 27 June 1984

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 27 June 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 June 1984

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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