A bill to amend the Internal Revenue Code of 1954 to promote savings and voluntarism by increasing the amount of contributions which may be made to an individual retirement account for homemakers who perform services for charities without compensation.

openUnited States· United States Congress· EN

Introduced

18 November 1983

Last action

—

Status

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

Summary

Amends the Internal Revenue Code to increase to a maximum of $2,000 the amount which may be contributed to an individual retirement account on behalf of a homemaker who performs an average of six hours of volunteer services per week for charities.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 18 November 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2144
Open data entity: https://api.congress.gov/v3/bill/98/s/2144