S. 1590 · 109th Congress
Making Savings Automatic Act of 2005
- Stage
- In committee
- Sponsor
- Evan Bayh
- Introduced
- 2005-07-29
- Latest action
- 2005-07-29 · Introduced in Senate
Summary
Making Savings Automatic Act of 2005 - Amends the Internal Revenue Code to allow: (1) automatic payments to employee pension plans; (2) direct payments of tax refunds to individual retirement plans; (3) a business tax credit for employer costs of a salary reduction arrangement.