HR 2000 · 98th Congress · Taxation

Savings Incentive Act of 1983

Introduced 1983-03-09· Sponsored by Rep. Moore, W. Henson [R-LA-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Savings Incentive Act of 1983 - Amends the Internal Revenue Code to allow nondeductible excess contributions to individual retirement accounts and individual retirement annuities up to a specified amount. Permits withdrawals from such accounts or annuities up to $10,000 without tax penalty, in order to purchase a first home or finance the higher or vocational education of a dependent child.…

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

Cosponsors (13)

2 Democrats11 Republicans
Rep. Gibbons, Sam [D-FL-7]FL
Rep. Conable, Barber B., Jr. [R-NY-30]NY
Rep. Duncan, John J. [R-TN-2]TN
Rep. Archer, Bill [R-TX-7]TX
Rep. Vander Jagt, Guy [R-MI-9]MI
Rep. Crane, Philip M. [R-IL-12]IL
Rep. Frenzel, Bill [R-MN-3]MN
Rep. Martin, James G. [R-NC-9]NC
Rep. Schulze, Richard T. [R-PA-5]PA
Rep. Gradison, Willis D., Jr. [R-OH-2]OH
Rep. Campbell, Carroll A., Jr. [R-SC-4]SC
Rep. Thomas, William M. [R-CA-20]CA
Rep. Patman, William N. [D-TX-14]TX