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- H.R.3663
H.R.3663: Enhanced Savings Opportunities Act
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced April 1, 1998
- Latest Major Action April 1, 1998
Bill Sponsor
Bill Summary
Enhanced Savings Opportunities Act - Amends the Internal Revenue Code to permit maximum employee contributions to a defined contribution plan to be the lesser of either $30,000 or the participant's compensation, rather than the lesser of $30,000 or 25 percent of the participant's compensation. Makes conforming amendments regarding tax-exempt, educational, and State and local employee annuity plans.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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April 1, 1998 |
Introduced in the House by James A. Leach (R-Iowa) |