H.R. 2022 · 111th Congress
K-IRA Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MurthaSponsor8 cosponsors · 3 D, 5 R
R
Bono Mack
TH
D
Holden
PK
D
Kanjorski
CK
D
Kilpatrick
CM
R
Mack
LW
R
Westmoreland
AC
R
Crenshaw
TR
R
Rooney6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Kids IRA Act of 2009 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.
What it does: CRS summary · Introduced in House · Apr 22, 2009
Kids IRA Act of 2009 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: K-IRA Act
Also known as: Kids IRA Act of 2009
Latest action (Apr 22, 2009): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 22, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.