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- H.R.2022
H.R.2022: K-IRA Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced April 22, 2009
- Latest Major Action April 22, 2009
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
8 (4 Democrats, 5 Republicans)
Bill Summary
Kids IRA Act of 2009 or the K-IRA Act - Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 26, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows an income-based tax deduction for contributions to such accounts, up to $5,000 in any taxable year.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 22, 2009 |
Introduced in the House by John P. Murtha (D-Pa.) |