HR 1519 · 109th Congress · Taxation

Better Future for American Families Act

Introduced 2005-04-06· Sponsored by Rep. Larson, John B. [D-CT-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-04-06)

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

Cosponsors (2)

2 Democrats
Rep. Emanuel, Rahm [D-IL-5]IL
Rep. Carnahan, Russ [D-MO-3]MO