HR 12199 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow persons covered by certain other retirement plans to establish personal savings for retirement.

Introduced 1976-03-01· Sponsored by Rep. Thone, Charles [R-NE-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a limited deduction for amounts paid by or on behalf of an individual for an individual retirement account, an individual retirement annuity, an individual retirement bond, an employee's trust, or an annuity contract.…

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