HR 334 · 104th Congress · Taxation

Individual Retirement Improvement Act of 1995

Introduced 1995-01-04· Sponsored by Rep. Neal, Richard E. [D-MA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1995-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Individual Retirement Improvement Act of 1995 - Amends the Internal Revenue Code to increase the deduction for active participants in certain individual retirement plans to the amount allowable plus 50 percent of the excess amount. Provides a formula for reducing such percentage in cases of adjusted gross incomes that exceed $200,000. Allows certain spouses a full deduction for contributions to individual retirement accounts.…

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

Cosponsors (1)

1 Democrat
Rep. Mineta, Norman Y. [D-CA-15]CA