S. 1139 — A bill to provide for automatic adjustment of deduction to individual retirement accounts, and so forth, and for other purposes.

Summary

Amends the Internal Revenue Code to provide for an automatic cost of living adjustment to the maximum dollar amount of the income tax deduction for retirement savings contributions to individual retirement accounts (IRA's).

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Legislative Actions

1981-05-07
Introduced in Senate
1981-05-07
Read second time and referred to Senate Committee on Finance.
1981-05-12
Committee on Finance requested executive comment from OMB; Treasury Department.

A bill to provide for automatic adjustment of deduction to individual retirement accounts, and so forth, and for other purposes.

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