HR 5233 · 108th Congress · Taxation

Better Future for American Families Act

Introduced 2004-10-06· Sponsored by Rep. Larson, John B. [D-CT-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E1819)(2004-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Better Future for American Families Act - Amends the Internal Revenue Code to rename the Credit for Elective Deferrals and IRA Contributions as the Saver's Credit. Revises the applicable percentage of an eligible individual's qualified retirement savings contributions for determining the amount of such credit. Makes the credit refundable and permanent.…

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