S 1139 · 97th Congress · Taxation

A bill to provide for automatic adjustment of deduction to individual retirement accounts, and so forth, and for other purposes.

Introduced 1981-05-07· Sponsored by Sen. Jepsen, Roger W. [R-IA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-05-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for an automatic cost of living adjustment to the maximum dollar amount of the income tax deduction for retirement savings contributions to individual retirement accounts (IRA's).…

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