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- H.R.4714
H.R.4714: Retirement Savings Account Act
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced June 25, 2004
- Latest Major Action June 25, 2004
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Retirement Savings Account Act - Amends the Internal Revenue Code to replace Roth Individual Retirement Account provisions with Retirement Savings Account (RSA) provisions. Allows cash only contributions to RSAs up to the lesser of $5,000 (adjusted for inflation) or the taxpayer's compensation includible in gross income for a taxable year. Allows tax free distributions from RSAs after the account beneficiary attains age 58, dies, or becomes...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| June 25, 2004 |
Introduced in the House by Sam Johnson (R-Texas) |