H.R.6472 - Savings for American Families' Future Act of 2012

To amend the Internal Revenue Code of 1986 to expand the availability of the saver's credit, to make the credit refundable, and to make Federal matching contributions into the retirement savings of the taxpayer. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to expand the availability of the saver's credit, to make the credit refundable, and to make Federal matching contributions into the retirement savings of the taxpayer. as introduced.
  • Short: Savings for American Families' Future Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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09/20/12
 
 
 
 
 
 
 

Sponsor

Representative

Richard Neal

D-MA

View Co-Sponsors (5)

Official Summary

Savings for American Families' Future Act of 2012 - Amends the Internal Revenue Code to: (1) increase the rate of the tax credit for retirement savings contributions, (2) make such credit refundable, and (3) direct the Secretary of the Treasury to pay matching credit amounts into taxpa

Official Summary

Savings for American Families' Future Act of 2012 - Amends the Internal Revenue Code to:
(1) increase the rate of the tax credit for retirement savings contributions,
(2) make such credit refundable, and
(3) direct the Secretary of the Treasury to pay matching credit amounts into taxpayer retirement accounts.

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