US HB4129 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 28 2014 - 25% progression, died in committee
Action: 2014-02-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 28 2014 - 25% progression, died in committee
Action: 2014-02-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Roth Accounts for Youth Savings Act of 2014 or the RAYS Act - Amends the Internal Revenue Code, with respect to Roth individual retirement accounts (Roth IRAs), to allow dependents of a taxpayer to establish a Roth IRA (Roth Account for Youth). Disregards any amount in a Roth Account for Youth for purposes of determining elibility for benefits or assistance for a means-tested federal benefit program.
Title
RAYS Act
Sponsors
Rep. Ruben Hinojosa [D-TX] | Rep. Matthew Cartwright [D-PA] | Rep. Tom Latham [R-IA] | Rep. Barbara Lee [D-CA] |
Rep. Steve Stivers [R-OH] |
History
Date | Chamber | Action |
---|---|---|
2014-02-28 | House | Referred to the House Committee on Ways and Means. |
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/113th-congress/house-bill/4129/all-info |
Text | https://www.congress.gov/113/bills/hr4129/BILLS-113hr4129ih.pdf |