United States · Bill · S
S. 1588 (101st)
Savings and Capital Formation Act of 1989
Introduced
7 September 1989
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Savings and Capital Formation Act of 1989 - Amends the Internal Revenue Code to allow a tax credit of 15 percent of the qualified retirement contributions to an individual retirement plan. Provides a partial tax exclusion of dividends and interest received by individuals.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 7 September 1989
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/senate-bill/1588
- Open data entity: https://api.congress.gov/v3/bill/101/s/1588