HR 1652 · 104th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that individuals who have attained age 59 1/2 may contribute to individual retirement accounts without regard to their compensation.

Introduced 1995-05-16· Sponsored by Rep. Shays, Christopher [R-CT-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1995-05-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals who have attained age 59 and one-half to deduct amounts contributed to individual retirement accounts without regard to their compensation.…

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