H.R.4236: Financial Security Credit Act of 2015

About This Bill

Bill Summary

Financial Security Credit Act of 2015 This bill amends the Internal Revenue Code to allow an income-based tax credit equal to the lesser of $500 or 50% of the total amount deposited or contributed into designated savings products in a taxable year (financial security credit). A "designated savings product" is a qualified retirement plan, a qualified tuition plan, a Coverdell education savings account, a U.S. savings bond, a certificate of...

(Source: Library of Congress)

Bill Actions

Date Description
Dec. 10, 2015
Referred to the House Committee on Ways and Means.
Dec. 10, 2015

Introduced in the House by José E. Serrano (D-N.Y.)

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