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Searching...- Bills
- H.R.1040
H.R.1040: Family Reinvestment Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Feb. 24, 1995
- Latest Major Action Feb. 24, 1995
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
15 (1 Democrat, 14 Republicans)
Bill Summary
Family Reinvestment Act of 1995 - Amends the Internal Revenue Code to increase the retirement savings deduction and the maximum individual retirement account contribution from $2,000 to $2,500. Raises income phase-out limits. Allows such a deduction for nonemployed spouses. Provides an inflation adjustment for retirement savings deductions. Excludes from gross income qualified distributions from certain retirement plans for first-time...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Feb. 24, 1995 |
Introduced in the House by Bill Baker (R-Calif.) |