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HR 3681 101th Congress House

Savings and Capital Formation Act of 1989

Official title: To amend the Internal Revenue Code of 1986 to provide for a credit for contributions to individual retirement plans and a partial exclusion from gross income o… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide for a credit for contributions to individual retirement plans and a partial exclusion from gross income of dividends and interest received by individuals.

Introduced: November 21, 1989 See on congress.gov
Taxation DividendsFinance and Financial SectorIncome taxIndividual retirement accounts
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InterestSavings accountsTax creditsTax exclusion
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action November 16, 1989

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • S 1588 Identical bill Savings and Capital Formation Act of 1989
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Rogers, Harold
Kentucky · Nov 21, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3681: Savings and Capital Formation Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3681/
MLA
"H.R. 3681: Savings and Capital Formation Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3681/.
Bluebook (legal)
H.R. 3681, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3681/.
Markdown link
[H.R. 3681: Savings and Capital Formation Act of 1989](https://openamerica.io/bill/101-HR-3681/)
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