H.R.1322 - Small Savers Retirement Enhancement Act106th Congress (1999-2000)
|Sponsor:||Rep. Gallegly, Elton [R-CA-23] (Introduced 03/25/1999)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/25/1999 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1322 — 106th Congress (1999-2000)All Information (Except Text)
Introduced in House (03/25/1999)
Small Savers Retirement Enhancement Act - Amends the Internal Revenue Code to increase from $2,000 to $5,000 the annual limits on an individual's contributions to his or her individual retirement account (IRA).
Mandates annual indexing of the $2,000 deductible portion of such contributions.