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HR 1263 99th Congress House

A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deduction for such savings to be computed for…

Official title: A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deductio… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deduction for such savings to be computed for married individuals on the basis of their combined compensation.

Introduced: May 23, 1985 See on congress.gov
Taxation Income taxIndividual retirement accountsMarried peopleRetirement income
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Tax deductionsTax-deferred compensation plans
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Feb 26, 1985
Referred to House Committee on Ways and Means.
Feb 26, 1985
Introduced in House
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 Latest action February 26, 1985

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase to $4,000 the maximum deduction for contributions to retirement savings plans and to allow married individuals to compute the amount of their income tax deduction for contributions to retirement savings plans on the basis of the earnings of their spouse.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 1
R
Smith, Christopher H.
New Jersey · May 23, 1985
COMBEST, LARRY
· Apr 30, 1985
CRANE, PHILIP
· Mar 21, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1263: A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deduction for such savings to be computed for married individuals on the basis of their combined compensation.. 99th Congress. Open America. https://openamerica.io/bill/99-HR-1263/
MLA
"H.R. 1263: A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deduction for such savings to be computed for married individuals on the basis of their combined compensation.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-1263/.
Bluebook (legal)
H.R. 1263, 99th Cong. (2026), https://openamerica.io/bill/99-HR-1263/.
Markdown link
[H.R. 1263: A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deduction for such savings to be computed for married individuals on the basis of their combined compensation.](https://openamerica.io/bill/99-HR-1263/)
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