A bill to amend the Internal Revenue Code of 1954 to provide that there shall be allowed as an income tax deduction those contributions on the part of civil service employees toward personal retirement annuities.
Civil Service Annuity Incentive Act - Allows an income tax deduction under the Internal Revenue Code of 1954 for contributions on the part of civil service employees toward personal retirement annuities. States that the amount allowable as a deduction to an individual for any taxable year shall not exceed either $2,500, or 10 percent of his earned income for such taxable year, whichever is less.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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