S 638
97th Congress
Senate
Taxation
Income tax
Individual retirement accounts
Married people
Savings accounts
Tax deductions
A bill to amend the Internal Revenue Code of 1954 to allow individuals to compute the amount of the deduction for payments into retirement savings on the basis of the compensation of their spouses, and for other purposes.
Introduced: March 5, 1981
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 1981
Committee on Finance requested executive comment from OMB; Treasury Department.
Mar 5, 1981
Read second time and referred to Senate Committee on Finance.
Mar 5, 1981
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow certain individuals to compute the amount of the income tax deduction for retirement savings on the basis of the earned income of their spouses, without regard to any community property laws.
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department.
Committees of jurisdiction
1
Cosponsors
1