HR 334
104th Congress
House
Taxation
Families
Income tax
Individual retirement accounts
Labor and Employment
Married people
Tax deductions
Tax-deferred compensation plans
Individual Retirement Improvement Act of 1995
Introduced: January 4, 1995
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 4, 1995
Referred to the House Committee on Ways and Means.
Jan 4, 1995
Sponsor introductory remarks on measure. (CR E10-11)
Jan 4, 1995
Introduced in House
Plain-English summary
Individual Retirement Improvement Act of 1995 - Amends the Internal Revenue Code to increase the deduction for active participants in certain individual retirement plans to the amount allowable plus 50 percent of the excess amount. Provides a formula for reducing such percentage in cases of adjusted gross incomes that exceed $200,000.
Allows certain spouses a full deduction for contributions to individual retirement accounts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1