HR 5031
111th Congress
House
Taxation
Employee benefits and pensions
Income tax credits
Young Savers' Tax Credit Act of 2010
Introduced: April 15, 2010
Introduced by:
Capito, Shelley Moore
Republican
· West Virginia
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 15, 2010
Referred to the House Committee on Ways and Means.
Apr 15, 2010
Introduced in House
Plain-English summary
Young Savers' Tax Credit Act of 2010 - Amends the Internal Revenue Code to allow a $500 annual tax credit for contributions to retirement plans by individuals who are age 30 or younger. Requires such contributions to equal at least 1% of such individuals' compensation.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1