HR 1263 · 99th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase to $4,000 the maximum deduction for contributions to retirement savings and to allow the deduction for such savings to be computed for married individuals on the basis of their combined compensation.

Introduced 1985-02-26· Sponsored by Rep. Armey, Richard K. [R-TX-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1985-02-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase to $4,000 the maximum deduction for contributions to retirement savings plans and to allow married individuals to compute the amount of their income tax deduction for contributions to retirement savings plans on the basis of the earnings of their spouse.…

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

Cosponsors (20)

5 Democrats15 Republicans
Rep. DeLay, Tom [R-TX-22]TX
Rep. Siljander, Mark D. [R-MI-4]MI
Rep. Lagomarsino, Robert J. [R-CA-19]CA
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI
Resident Commissioner Fuster, Jamie B. [D-PR-At Large]PR
Rep. Fields, Jack [R-TX-8]TX
Rep. Udall, Morris K. [D-AZ-2]AZ
Rep. Weber, Vin [R-MN-2]MN
Del. Blaz, Ben G. [R-GU-At Large]GU
Rep. Thomas, Lindsay [D-GA-1]GA
Rep. Gallo, Dean A. [R-NJ-11]NJ
Rep. Garcia, Robert [D-NY-18]NY
Rep. Daniel, W. C. (Dan) [D-VA-5]VA
Rep. Crane, Philip M. [R-IL-12]IL
Rep. Lott, Trent [R-MS-5]MS
Rep. McCollum, Bill [R-FL-5]FL
Rep. DeWine, Mike [R-OH-7]OH
Rep. Bentley, Helen Delich [R-MD-2]MD
Rep. Combest, Larry [R-TX-19]TX
Rep. Packard, Ron [R-CA-43]CA