legislation: 96-hr-8283
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96-hr-8283 | 96 | hr | 8283 | Individual Retirement Savings Act of 1980 | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Cotter, William R. [D-CT-1] | CT | D | C000799 | 0 | Individual Retirement Savings Act of 1980 - Amends the Internal Revenue Code to increase the allowable amount of the income tax deduction for contributions to an individual retirement account (IRA) to the lesser of $2,000 or the amount of an employee's taxable compensation. Permits active participants in tax-qualified retirement plans, tax-sheltered annuities, or governmental plans to claim an income tax deduction for contribution to an IRA up to a maximum of $500 for the taxable year. Disqualifies self-employed individuals and shareholder employees for the retirement savings deduction. | 2025-09-02T13:55:07Z |