U.S. Congress - H.R.6799 Worker Savings Account Act of 2008
H.R.6799 - Worker Savings Account Act of 2008
To amend the Internal Revenue Code of 1986 to provide for tax-favored unemployment savings accounts, and for other purposes. view all titles (2)
All Bill Titles
- Short: Worker Savings Account Act of 2008 as introduced.
- Official: To amend the Internal Revenue Code of 1986 to provide for tax-favored unemployment savings accounts, and for other purposes. as introduced.
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Official Summary
8/1/2008--Introduced.Worker Savings Account Act of 2008 - Amends the Internal Revenue Code to: (1) establish worker savings accounts to make payments to workers during periods of unemployment; (2) treat such accounts in the same manner as individual retirement accounts (IRAs) for tax purpoOfficial Summary
8/1/2008--Introduced.Worker Savings Account Act of 2008 - Amends the Internal Revenue Code to:
(1) establish worker savings accounts to make payments to workers during periods of unemployment;
(2) treat such accounts in the same manner as individual retirement accounts (IRAs) for tax purposes;
(3) allow employer matching contributions to such accounts;
(4) make a portion of the tax credit for contributions to retirement accounts (saver's credit) refundable; and
(5) require increases in the saver's credit to be paid into a worker savings account.
Provides that no provision of this Act shall be construed to diminish an employer's obligation to pay federal and state unemployment taxes or to reduce the amount of unemployment compensation to which a worker may be entitled.
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Recent Blog Coverage
Eric Massaâs Latest Commercial Preys On Senior Citizens By ...
He supported the Retiree Health Account Act (HR 6288), which would provide Americans with the tax incentives needed to set aside funds for retiree health costs, and the Worker Savings Account Act (HR 6799), designed to help Americans ...
Randy Kuhl Holds Senior Citizens Town Hall Meeting
The Retiree Health Account Act (HR 6288) would provide Americans with the tax incentives needed to set aside funds for retiree health costs and The Worker Savings Account Act (HR 6799) is designed to help Americans enhance their ...
mchugh votes for economic relief for new yorkers
additionally, he introduced hr 6799, the worker savings account act of 2008, which would help americans strengthen their personal safety nets by providing tax advantages to encourage such savings and allowing those monies to be used tax ...
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