H.R. 6321 (111th): K-IRA Act

Introduced:
Sep 29, 2010 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee)
Sponsor
Mark Critz
Representative for Pennsylvania's 12th congressional district
Party
Democrat
Text
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Last Updated
Sep 29, 2010
Length
6 pages
Related Bills
H.R. 1177 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Mar 17, 2011

H.R. 2022 (Related)
K-IRA Act

Referred to Committee
Last Action: Apr 22, 2009

 
Status

This bill was introduced on September 29, 2010, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 29, 2010
Referred to Committee Sep 29, 2010
 
Full Title

To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.

Summary

No summaries available.

Cosponsors
3 cosponsors (2D, 1R) (show)
Committees

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Citation

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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.


9/29/2010--Introduced.
Kids IRA Act of 2010 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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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