HR 3620 106th Congress House

XX Act of 1999

Official title: To amend the Internal Revenue Code of 1986 to allow individuals an additional IRA deduction based on unused amounts of deduction limitation in prior years.

Introduced: February 10, 2000 See on congress.gov

Taxation Income taxIndividual retirement accountsLabor and EmploymentPersonal income taxTax deductions

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 10, 2000

Referred to the House Committee on Ways and Means. (text of measure as introduced: CR H334)

Feb 10, 2000

Introduced in House

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Latest action February 10, 2000

Referred to the House Committee on Ways and Means. (text of measure as introduced: CR H334)

Plain-English summary Congressional Research Service

XX Act of 1999 - Amends the Internal Revenue Code to increase the maximum annual contributions allowed to an individual retirement account to the sum of $2,000 and the lesser of $2,000 or the aggregate of the unused deduction limitations (as defined) for all prior taxable years.

Bill text 1 version