Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 1682 (101st)

Savings and Investment Incentive Act of 1989

openUnited States· United States Congress· EN

Introduced

27 September 1989

Last action

29 September 1989 · Committee

Status

Committee on Finance. Hearings held. Hearings printed: S.Hrg. 101-697.

Sponsors

Sen. Bentsen, Lloyd M. [D-TX], Sen. Mitchell, George J. [D-ME], Sen. Cranston, Alan [D-CA], Sen. Pryor, David H. [D-AR], Sen. Daschle, Thomas A. [D-SD], Sen. Matsunaga, Spark M. [D-HI], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Baucus, Max [D-MT], Sen. Boren, David L. [D-OK], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Rockefeller, John D., IV [D-WV], Sen. Dodd, Christopher J. [D-CT], Sen. Bumpers, Dale [D-AR], Sen. Adams, Brock [D-WA], Sen. Bingaman, Jeff [D-NM], Sen. Breaux, John B. [D-LA], Sen. Bryan, Richard H. [D-NV], Sen. Burdick, Quentin N. [D-ND], Sen. DeConcini, Dennis [D-AZ], Sen. Exon, J. James [D-NE], Sen. Ford, Wendell H. [D-KY], Sen. Graham, Bob [D-FL], Sen. Hollings, Ernest F. [D-SC], Sen. Inouye, Daniel K. [D-HI], Sen. Johnston, J. Bennett [D-LA], Sen. Kerry, John F. [D-MA], Sen. Kohl, Herb [D-WI], Sen. Leahy, Patrick J. [D-VT], Sen. Lieberman, Joseph I. [ID-CT], Sen. Metzenbaum, Howard M. [D-OH], Sen. Mikulski, Barbara A. [D-MD], Sen. Reid, Harry [D-NV], Sen. Sanford, Terry [D-NC], Sen. Sasser, Jim [D-TN], Sen. Simon, Paul [D-IL], Sen. Biden, Joseph R., Jr. [D-DE], Sen. Conrad, Kent [D-ND], Sen. Levin, Carl [D-MI], Sen. Akaka, Daniel K. [D-HI], Sen. Shelby, Richard C. [R-AL]

Subjects

Taxation

Source updated

26 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Savings and Investment Incentive Act of 1989 - Amends the Internal Revenue Code to exempt from the ten percent penalty tax on early distributions from qualified retirement plans: (1) first-time homebuyer distributions; and (2) qualified higher education expenses. Allows a deduction for 50 percent of the contributions made to individual retirement plans.

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

Timeline

  1. 27 September 1989

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 27 September 1989

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 29 September 1989

    Committee

    Committee on Finance. Hearings held. Hearings printed: S.Hrg. 101-697.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in Senate (text)

    Introduced in Senate · EN

    ViewDownloadOpen at official source

  • Introduced in Senate

    summary · EN · 27 September 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.