US HB2022 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 22 2009 - 25% progression, died in committee
Action: 2009-04-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 22 2009 - 25% progression, died in committee
Action: 2009-04-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
K-IRA Act
Sponsors
Rep. Mary Bono Mack [R-CA] | Rep. Ander Crenshaw [R-FL] | Rep. Tim Holden [D-PA] | Rep. Paul Kanjorski [D-PA] |
Rep. Carolyn Kilpatrick [D-MI] | Rep. Connie Mack [R-FL] | Rep. John Murtha [D-PA] | Rep. Thomas Rooney [R-FL] |
Rep. Lynn Westmoreland [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2009-04-22 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB6321 (Related) 2010-09-29 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/2022/all-info |
Text | https://www.congress.gov/111/bills/hr2022/BILLS-111hr2022ih.pdf |