HR 1311 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for individual supplemental retirement savings.

Introduced 1979-01-23· Sponsored by Rep. Whitehurst, G. William [R-VA-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase to $5,000 the amount which an individual may contribute to an individual retirement account (IRA) and deduct from gross income.…

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