H.R. 3574 · 109th Congress
Lifetime Prosperity Act of 2005
- Stage
- In committee
- Sponsor
- Connie Mack
- Introduced
- 2005-07-28
- Latest action
- 2005-07-28 · Introduced in House
Summary
Lifetime Prosperity Act of 2005 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for retirement savings contributions; (2) revise the applicable percentage and dollar limitations for such credit; (3) provide for an inflation adjustment to adjusted gross income limitations applicable to such credit; and (4) allow a tax credit for contributions to Roth IRAs for children (under age 25).