United States · Bill · S
S. 1209 (96th)
A bill to amend the Internal Revenue Code of 1954 to provide a retirement savings deduction for persons covered by pension plans.
Introduced
22 May 1979
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to allow an income tax deduction for cash contributions made by an employee to a pension plan in which he is a qualified participant. Limits the amount of such deduction to the lesser of ten percent of an employee's gross compensation for a taxable year or $200.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 22 May 1979
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/1209
- Open data entity: https://api.congress.gov/v3/bill/96/s/1209