legislation: 95-s-3288

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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
95-s-3288 95 s 3288 A bill to amend the Internal Revenue Code of 1954 to allow a retirement savings deduction for persons covered by certain pension plans. Taxation 1978-07-13 1978-07-13 Referred to Senate Committee on Finance. Senate Sen. Dole, Robert J. [R-KS] KS R D000401 3 Amends the Internal Revenue Code to allow a deduction from the gross income of an employee who is a participant in a pension plan for cash contributions made by the employee to: (1) a qualified pension, profit sharing, or stock bonus plan; (2) a qualified annuity plan; (3) a qualified bond purchase plan; (4) an individual retirement plan; or (5) a group retirement trust maintained by a labor organization. Limits such deduction to ten percent of the employee's compensation for the taxable year or $1,000, whichever is less. 2024-08-01T20:10:48Z https://www.congress.gov/bill/95th-congress/senate-bill/3288

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