H.R. 5031 · 111th Congress
Young Savers' Tax Credit Act of 2010
- Stage
- In committee
- Sponsor
- Shelley Capito
- Introduced
- 2010-04-15
- Latest action
- 2010-04-15 · Introduced in House
Summary
Young Savers' Tax Credit Act of 2010 - Amends the Internal Revenue Code to allow a $500 annual tax credit for contributions to retirement plans by individuals who are age 30 or younger. Requires such contributions to equal at least 1% of such individuals' compensation.