H.R.3574: Lifetime Prosperity Act of 2005

About This Bill

Bill Sponsor

Bill Summary

Lifetime Prosperity Act of 2005 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for retirement savings contributions; (2) revise the applicable percentage and dollar limitations for such credit; (3) provide for an inflation adjustment to adjusted gross income limitations applicable to such credit; and (4) allow a tax credit for contributions to Roth IRAs for children (under age 25).

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
July 28, 2005

Introduced in the House by Connie Mack (R-Fla.)

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