A bill to amend the Internal Revenue Code of 1954 to allow persons covered by certain other retirement plans to establish personal savings for retirement.

referredUnited States· United States Congress· EN

Introduced

1 August 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Allows a deduction of up to $1500 (or 15 percent of gross income, whichever is less) under the Internal Revenue Code for amounts paid by or on behalf of an individual into a retirement account or annuity plan, or for a retirement bond. Provides for a reduction in the allowable deduction for employer contributions and in the case of public employees.

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 1 August 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/9293
Open data entity: https://api.congress.gov/v3/bill/94/hr/9293