HR 3681 · 101th Congress · Taxation

Savings and Capital Formation Act of 1989

Introduced 1989-11-16· Sponsored by Rep. Kleczka, Gerald D. [D-WI-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-11-16)

Plain Language Summary

[AI summary unavailable — showing source text] Savings and Capital Formation Act of 1989 - Amends the Internal Revenue Code to allow a tax credit of 15 percent of the qualified retirement contributions to an individual retirement plan. Provides a partial tax exclusion of dividends and interest received by individuals.…

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

Cosponsors (10)

4 Democrats6 Republicans
Rep. Jontz, Jim [D-IN-5]IN
Rep. Roe, Robert A. [D-NJ-8]NJ
Rep. Ackerman, Gary L. [D-NY-7]NY
Rep. Petri, Thomas E. [R-WI-6]WI
Rep. Rogers, Harold [R-KY-5]KY
Rep. Eckart, Dennis E. [D-OH-11]OH
Rep. Emerson, Bill [R-MO-8]MO
Rep. Dornan, Robert K. [R-CA-38]CA
Rep. Smith, Peter [R-VT-At Large]VT
Rep. Inhofe, James M. [R-OK-1]OK