legislation: 95-hr-13947
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 95-hr-13947 | 95 | hr | 13947 | A bill to amend the Internal Revenue Code of 1954 to increase the amount allowable as a deduction for retirement savings and to allow a deduction for retirement savings of individuals covered by certain types of retirement plans. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Cochran, Thad [R-MS-4] | MS | R | C000567 | 0 | Amends the Internal Revenue Code to increase the income tax deduction for contributions to retirement savings accounts to $5,000 for taxable years beginning in 1979 with yearly cost-of-living increases for succeeding taxable years. Permits participants in tax-exempt retirement plans, qualified annuity and bond purchase plans, and government retirement plans to claim the same deduction for contributions to retirement savings accounts as non-participants subject to a reduction in the amount of such deduction for any contributions made to such plans in a taxable year. | 2024-08-01T20:06:56Z |