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.

Summary

Allows as deductions under the Internal Revenue Code amounts paid in cash by or on behalf of an individual: (1) to an employee's trust; or (2) for the purpose of an annuity contract as defined in the Code. Establishes the limitations on such deductions.

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

Timeline

1. 8 September 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 8 September 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 September 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 8 September 1975

  Open at official source

Sponsors

• Rep. Cornell, Robert J. [D-WI-8] · D · Sponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Cosponsor
• Rep. Roybal, Edward R. [D-CA-25] · D · Cosponsor
• Rep. Sharp, Philip R. [D-IN-2] · D · Cosponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• Rep. Winn, Larry, Jr. [R-KS-3] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → 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.