H.R. 951 (100th): A bill to amend the Internal Revenue Code of 1986 to restore the deduction for retirement savings for individuals who are active participants in pension plans and to allow a deduction of up to $2,000 for retirement savings by a nonworking spouse.

Introduced:
Feb 04, 1987 (100th Congress, 1987–1988)
Sponsor:
Rep. Robert Badham [R-CA40]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 4, 1987, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 04, 1987
Cosponsors
29 cosponsors (21R, 8D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/4/1987--Introduced.
Repeals the limitations enacted by the Tax Reform Act of 1986 on individual retirement account (IRA) deductions for active participants in certain pension plans. Amends the Internal Revenue Code to permit a nonworking or the lesser-earning spouse filing a joint income tax return to include the spouse's compensation in calculations made to determine the maximum amount permitted as a deduction for qualified retirement contributions (thus permitting such a taxpayer to deduct up to $2,000).

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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