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HR 5031 111th Congress House

Young Savers' Tax Credit Act of 2010

Official title: To amend the Internal Revenue Code of 1986 to allow a credit against tax for individuals age 18 through 30 for certain retirement contributions.

Introduced: April 15, 2010 Introduced by: Capito, Shelley Moore Republican · West Virginia See on congress.gov
Taxation Employee benefits and pensionsIncome tax credits
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action April 15, 2010

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5031: Young Savers' Tax Credit Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5031/
MLA
"H.R. 5031: Young Savers' Tax Credit Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5031/.
Bluebook (legal)
H.R. 5031, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5031/.
Markdown link
[H.R. 5031: Young Savers' Tax Credit Act of 2010](https://openamerica.io/bill/111-HR-5031/)
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