,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dabi  ,,in ,,the ,,house ,,of  
,,representatives  ,february #bh1 #bjad 
,mr4 ,hinojosa introduced the following 
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide for tax      
preferred savings accounts for dependent
 youth1 and for other purposes4  #a4    
,short title ,this ,act may be cited as 
the ,roth ,accounts for ,youth ,savings 
,act of #bjad or the ,,rays ,act4  #b4  
,roth ,account for ,youth  7a7 ,in      
general ,section #djh;,a of the         
,internal ,revenue ,code of #aihf       
7relating to ,roth ,i,r,as7 is amended  
by adding at the end the following3  7g7
 ,roth ,account for ,youth  7#a7 ,in    
general ,in the case of a dependent of a
 taxpayer to whom this paragraph applies
 for the taxable year and with respect  
to whom an election for the taxable year
 is in effect under paragraph 7#c77;,b71
 the limitation of subsection 7c77#b7   

shall be equal to the sum of--  7,a7 the
 contribution limit determined under    
this section 7before the application of 
this subsection7 with respect to the    
dependent1 plus  7,b7  7i7 the dollar   
amount determined 7before the           
application of this subsection7 under   
subsection 7c77#b7 for the taxable year 
with respect to such taxpayer1 without  
regard to section #bai7;b77#e77;,b71    
reduced by  7ii7 the sum of--  7,i7 all 
prior contributions to all other ,roth  
,i,r,as maintained on behalf of all     
other dependents of such taxpayer for   
the taxable year1 determined by taking  
into account the order elected by the   
taxpayer under paragraph 7#c77;,b71 plus
  7,,ii7 the aggregate amount of        
contributions to all individual         
retirement plans and ,roth ,i,r,as      
maintained on behalf of the taxpayer for
 the taxable year4  7#b7 ,maximum       
contribution ,in no case shall the      
aggregate amount of contributions to all
 individual retirement plans and ,roth  

,i,r,as maintained on behalf of a       
dependent in a taxable year exceed the  
deductible amount determined under      
section #bai7;b77#e77;,a74  7#c7        
,ordering rules  7,a7 ,taxpayer's own   
,i,r,as ,subsection 7c77#b7 shall apply 
with respect to all individual          
retirement plans maintained for the     
benefit of the taxpayer before paragraph
 7#a7 applies with respect to a         
dependent of the taxpayer4  7,b7        
,election of order in the case of more  
than #a dependent ,for purposes of      
determining the contribution limit under
 paragraph 7#a7 for more than #a        
dependent1 paragraph 7#a77;,b77ii7 shall
 apply with respect to dependents of the
 taxpayer in the order elected by the   
taxpayer4  7#d7 ,dependent to whom      
paragraph 7#a7 applies ,paragraph 7#a7  
shall apply to any dependent of a       
taxpayer if--  7,a7 the taxpayer is     
allowed a deduction under section #aea  
for the dependent for the taxable year1 
7,b7 in the case of a taxpayer who is   

married1 the taxpayer files a joint     
return for the taxable year1 and  7,c7  
the amount of compensation 7if any7     
includible in the dependent's gross     
income for the taxable year is less than
 the compensation includible in the     
gross income of the taxpayer for the    
taxable year4  7#e7 ,special rule for   
divorced parents1 etc ,for purposes of  
paragraph 7#c71 rules similar to the    
rules of section #aeb7;e7 shall apply4  
7#f7 ,compensation ,for purposes of this
 subsection1 the term compensation has  
the meaning given such term by section  
#bai7;f77#a74  4  7b7 ,conforming       
amendment ,section #djh;,a7d77#b77;,b7  
of the ,internal ,revenue ,code of #aihf
 is amended by striking ,roth ,,ira7 and
 by inserting ,roth ,,ira or a          
contribution is made to a dependent's   
,roth ,,ira under subsection 7g77 after 
such individual's spouse4  7c7 ,income  
,disregard ,under ,federal              
,means-,tested ,benefit ,programs ,the  
amount in a ,roth ,account for ,youth   

established pursuant to section         
#djh;,a7g7 of the ,internal ,revenue    
,code of #aihf shall be disregarded as  
income or resources for purposes of     
determining eligibility for benefits or 
assistance1 or the amount or extent of  
benefits or assistance1 under any       
,federal benefit program that is        
means-tested4  7d7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjad4