HR 4285 · 93th Congress · Taxation

Civil Service Annuity Incentive Act

Introduced 1973-02-08· Sponsored by Rep. Podell, Bertram L. [D-NY-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-02-08)

Plain Language Summary

[AI summary unavailable — showing source text] Civil Service Annuity Incentive Act - Allows an income tax deduction under the Internal Revenue Code of 1954 for contributions on the part of civil service employees toward personal retirement annuities. States that the amount allowable as a deduction to an individual for any taxable year shall not exceed either $2,500, or 10 percent of his earned income for such taxable year, whichever is less.…

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