HR 1519
109th Congress
House
Taxation
Finance and Financial Sector
Income tax
Individual retirement accounts
Labor and Employment
Pension funds
Saving and investment
Tax credits
Tax refunds
Tax-deferred compensation plans
Better Future for American Families Act
Introduced: April 6, 2005
Introduced by:
Larson, John B.
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2005
Referred to the House Committee on Ways and Means.
Apr 6, 2005
Introduced in House
Plain-English summary
Better Future for American Families Act - Amends the Internal Revenue Code to rename the Credit for Elective Deferrals and IRA Contributions as the Saver's Credit. Revises the applicable percentage of an eligible individual's qualified retirement savings contributions for determining the amount of such credit. Makes the credit refundable and permanent.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1