HR 3574 · 109th Congress · Taxation
Lifetime Prosperity Act of 2005
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2005-07-28)
Plain Language Summary
[AI summary unavailable — showing source text]
Lifetime Prosperity Act of 2005 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for retirement savings contributions; (2) revise the applicable percentage and dollar limitations for such credit; (3) provide for an inflation adjustment to adjusted gross income limitations applicable to such credit; and (4) allow a tax credit for contributions to Roth IRAs for children (under age 25).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
5 Republicans