US HB1377 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on March 16 2015 - 25% progression, died in committee
Action: 2015-03-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 16 2015 - 25% progression, died in committee
Action: 2015-03-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
RAYS Act Roth Accounts for Youth Savings Act of 2015 This bill amends the Internal Revenue Code to allow dependents of a taxpayer to establish a tax-preferred savings account similar to the existing Roth Individual Retirement Account, to be known as a Roth Account for Youth. Any amounts in such an account will be disregarded for purposes of determining elibility for benefits or assistance under a means-tested federal benefit program.
Title
RAYS Act Roth Accounts for Youth Savings Act of 2015
Sponsors
Rep. Ruben Hinojosa [D-TX] | Rep. Steve Stivers [R-OH] | Rep. Bruce Poliquin [R-ME] | Rep. Matthew Cartwright [D-PA] |
Rep. Mark Takai [D-HI] | Rep. Jose Serrano [D-NY] |
History
Date | Chamber | Action |
---|---|---|
2015-03-16 | House | Referred to the House Committee on Ways and Means. |
2015-03-16 | House | Introduced in House |
Subjects
Employee benefits and pensions
Income tax exclusion
Poverty and welfare assistance
Tax treatment of families
Taxation
Income tax exclusion
Poverty and welfare assistance
Tax treatment of families
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/1377/all-info |
Text | https://www.congress.gov/114/bills/hr1377/BILLS-114hr1377ih.pdf |