H.R. 2163 · 110th Congress
Kids Invest and Develop Savings Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MackSponsor18 cosponsors · 1 D, 17 R
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Alexander
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Bono Mack
JB
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Bonner
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Buchanan
AC
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Crenshaw
JC
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Campbell
MD
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Diaz-Balart
PE
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English
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Feeney
JM
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Miller
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Sessions
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Westmoreland
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Jackson
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Pence
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Pickering
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Reynolds
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Ryan
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Shuster12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Kids Invest and Develop Savings Act of 2007 - Amends the Internal Revenue Code to: (1) increase the allowable amount of the tax credit for retirement savings; (2) expand eligibility for such credit to taxpayers with adjusted gross incomes up to $95,000 ($150,000 for joint returns); (3) establish tax-exempt Roth individual retirement accounts (IRAs) for…
What it does: CRS summary · Introduced in House · May 3, 2007
Kids Invest and Develop Savings Act of 2007 - Amends the Internal Revenue Code to: (1) increase the allowable amount of the tax credit for retirement savings; (2) expand eligibility for such credit to taxpayers with adjusted gross incomes up to $95,000 ($150,000 for joint returns); (3) establish tax-exempt Roth individual retirement accounts (IRAs) for individuals under the age of 25; and (4) allow a tax credit for contributions to such IRAs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Kids Invest and Develop Savings Act of 2007
Latest action (May 3, 2007): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 3, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.