HR 1357
106th Congress
House
Taxation
College costs
Education
Education savings accounts
Higher education
Income tax
Individual retirement accounts
Labor and Employment
Personal income tax
Tax deductions
Tax exclusion
Retirement and Education Assets Power Act
Introduced: March 25, 1999
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 1999
Referred to the House Committee on Ways and Means.
Mar 25, 1999
Introduced in House
Plain-English summary
Retirement and Education Assets Power Act - Amends the Internal Revenue Code, with respect to certain deductions from gross income, to increase: (1) from $2,000 to $5,000 the maximum annual contribution to an individual retirement account (IRA); and (2) from $500 to $2,000 the maximum annual contribution to an education IRA.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1