A bill to amend the Internal Revenue Code of 1954 to increase the annual contribution limit for individual retirement accounts from $2,000 to $3,000 and to make such accounts more equitable in the case of lesser earning and nonworking spouses.

Summary

Amends the Internal Revenue Code to increase the income tax deduction for contributions to individual retirement accounts from $2,000 to $3,000. Allows the maximum deduction for non-working spouses.

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

Timeline

1. 7 October 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 7 October 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 14 October 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 7 October 1983

  Open at official source

Sponsors

• Sen. Mattingly, Mack [R-GA] · R · Sponsor
• Sen. Tsongas, Paul E. [D-MA] · D · Sponsor
• Sen. Helms, Jesse [R-NC] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Cosponsor
• Sen. East, John P. [R-NC] · R · Cosponsor
• · ssfi00 · Standing

Related records

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