S 1590 · 109th Congress · Taxation

Making Savings Automatic Act of 2005

Introduced 2005-07-29· Sponsored by Sen. Bayh, Evan [D-IN]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2005-07-29)

Plain Language Summary

[AI summary unavailable — showing source text] Making Savings Automatic Act of 2005 - Amends the Internal Revenue Code to allow: (1) automatic payments to employee pension plans; (2) direct payments of tax refunds to individual retirement plans; (3) a business tax credit for employer costs of a salary reduction arrangement.…

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