HR 3266 · 98th Congress · Taxation

Economic Growth and Retirement Act of 1983

Introduced 1983-06-09· Sponsored by Rep. Corcoran, Tom [R-IL-14]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-06-09)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Growth and Retirement Act of 1983 - Amends the Internal Revenue Code to allow certain married individuals to be eligible for the income tax deduction for retirement savings on the basis of the earned income of their spouses. Increases the maximum amount of the deduction for retirement savings to $5,000. Phases in this increased deduction over a three-year period.…

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

Cosponsors (18)

4 Democrats14 Republicans