A bill to amend the Internal Revenue Code of 1954 to permit an individual who is an active participant in a retirement plan to claim the deduction for retirement savings for amounts contributed by him to an individual retirement account, for an individual retirement annuity, or for a retirement bond, to the extent that the amounts paid by him or on his behalf under the retirement plan does not equal the maximum amount of the retirement savings deduction to which he would be entitled if he were not an active participant in such plan.

1/1
Status In Committee
Sponsor Daniel Inouye
Citation 94-S-2428
Actions 2
Introduced Sep 29th, 1975
Cosponsors
3 3
Last Action Sep 29th, 1975
Policy Area
✓
Introduced Senate Sep 29
Senate
House
President
Enacted

Summary

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Provides, under the Internal Revenue Code, that an individual who is an active participant in a retirement plan may claim the deduction for retirement savings for amounts contributed by him to an individual retirement account, for an individual retirement annuity, or for a retirement bond, to the extent that the amounts paid by him or on his behalf under the retirement plan does not equal the maximum amount of the retirement savings deduction to which he would be entitled if he were not an active participant in such plan.

Actions

2
Senate
INTRODUCED
INTRODUCED
Sep 29, 1975
ON FLOOR
REFERRED TO COMMITTEE
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