HR 13962 · 95th Congress · Taxation

A bill to increase the amount allowable as deduction for retirement savings.

Introduced 1978-08-17· Sponsored by Rep. Meyner, Helen S. [D-NJ-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-08-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the income tax deduction for contributions to retirement savings accounts to $2,300 ($2,700 for certain married individuals) for taxable years beginning in 1978 with yearly cost-of-living increases for taxable years beginning after 1978.…

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