HR 2610 · 94th Congress · Government Operations and Politics

A bill to amend the Internal Revenue Code of 1954 to provide that the deductions for retirement savings shall be the lesser of 15 percent of the taxpayer's compensation or $7,500.

Introduced 1975-02-03· Sponsored by Rep. O'Brien, George M. [R-IL-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-03)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that the deduction for retirement savings under the Internal Revenue Code shall be the lesser of 15 percent of the taxpayer's compensation or $7,500 for each taxable year.…

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