Bill115th CongressFiled May 11, 2017Taxation
H.R. 2420
To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (May 11, 2017)
This bill amends the Internal Revenue Code to establish a tax-preferred individual retirement account for taxpayers under age 26, to be known as a young savers account. The bill treats such accounts as Roth individual retirement accounts for income tax purposes, with the exception of specified modifications to the rules regarding contribution limits.
What just happenedMay 11, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Rouzer, David [R-NC-7](R-NC)Sponsor
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- Introduced in HouseMay 11, 2017
- May 11, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 11, 2017IntroReferralIntro-H
Introduced in House
- May 11, 2017IntroReferral1000
Introduced in House