To amend the Internal Revenue Code of 1986 to increase the maximum amount allowable as an annual contribution to education individual retirement accounts from $500 to $2,000, phased in over 3 years.
Education IRA Plus Act of 1999 - Amends the education individual retirement account provisions of the Internal Revenue Code to define the "contribution limit" as: (1) $1,000 beginning in taxable year 2000; (2) $1,500 beginning in taxable year 2001; and (3) $2,000 beginning in taxable year 2001.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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