HR 3681
101th Congress
House
Taxation
Dividends
Finance and Financial Sector
Income tax
Individual retirement accounts
Interest
Savings accounts
Tax credits
Tax exclusion
Savings and Capital Formation Act of 1989
Introduced: November 16, 1989
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 1989
Referred to the House Committee on Ways and Means.
Nov 16, 1989
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1