HR 1273 · 101th Congress · Taxation

To repeal the restrictions added by the Tax Reform Act of 1986 on the deducation for retirement savings.

Introduced 1989-03-02· Sponsored by Rep. Tallon, Robert M. (Robin) [D-SC-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] Repeals provisions of the Tax Reform Act of 1986 that place limitations on: (1) individual retirement account deductions for active participants in certain pension plans; and (2) nondeductible contributions to individual retirement plans. Applies such provisions retroactively with respect to tax years 1987 and thereafter.…

Summarized by Claude AI · Non-partisan · For informational purposes only