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- S.2492
S.2492: Encouraging Americans to Save Act
About This Bill
- Introduced Feb. 3, 2016
- Latest Major Action Feb. 3, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Democrats)
Bill Summary
Encouraging Americans to Save Act This bill amends the Internal Revenue Code to expand the tax credit for retirement savings contributions to: (1) make such credit refundable; (2) allow individual taxpayers (excluding dependents and full-time students) who have attained age 18 as of the close of the taxable year a credit for 50% of their retirement savings contributions up to $1,000; (3) increase the maximum income threshold for determining...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 3, 2016 |
Read twice and referred to the Committee on Finance.
|
| Feb. 3, 2016 |
Introduced in the Senate by Ron Wyden (D-Ore.) |