,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dabi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #bh1 #bjad   
,mr4 ,h9ojosa introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to provide = tax  
pref]r$ sav+s acc\nts = dep5d5t y\?1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,ro? ,acc\nts =    
,y\? ,sav+s ,act ( #bjad or ! ,,rays    
,act4  #b4 ,ro? ,acc\nt = ,y\?  7a7 ,9  
g5]al ,section #djh;,a ( ! ,int]nal     
,rev5ue ,code ( #aihf 7relat+ to ,ro?   
,i,r,as7 is am5d$ by add+ at ! end !    
foll[+3  7g7 ,ro? ,acc\nt = ,y\?  7#a7  
,9 g5]al ,9 ! case ( a dep5d5t ( a      
taxpay] to :om ?is p>agraph applies = ! 
taxable ye> & ) respect to :om an       
election = ! taxable ye> is 9 effect "u 
p>agraph 7#c77;,b71 ! limitation (      
subsection 7c77#b7 %all be equal to !   
sum (--  7,a7 ! contribution limit      
det]m9$ "u ?is section 7be=e !          
application ( ?is subsection7 ) respect 

to ! dep5d5t1 plus  7,b7  7i7 ! doll>   
am\nt det]m9$ 7be=e ! application ( ?is 
subsection7 "u subsection 7c77#b7 = !   
taxable ye> ) respect to su* taxpay]1   
)\t reg>d to section #bai7;b77#e77;,b71 
r$uc$ by  7ii7 ! sum (--  7,i7 all prior
 contributions to all o!r ,ro? ,i,r,as  
ma9ta9$ on behalf ( all o!r dep5d5ts (  
su* taxpay] = ! taxable ye>1 det]m9$ by 
tak+ into acc\nt ! ord] elect$ by !     
taxpay] "u p>agraph 7#c77;,b71 plus     
7,,ii7 ! aggregate am\nt ( contributions
 to all individual retirem5t plans &    
,ro? ,i,r,as ma9ta9$ on behalf ( !      
taxpay] = ! taxable ye>4  7#b7 ,maximum 
contribution ,9 no case %all ! aggregate
 am\nt ( contributions to all individual
 retirem5t plans & ,ro? ,i,r,as ma9ta9$ 
on behalf ( a dep5d5t 9 a taxable ye>   
exce$ ! d$uctible am\nt det]m9$ "u      
section #bai7;b77#e77;,a74  7#c7 ,ord]+ 
rules  7,a7 ,taxpay]'s own ,i,r,as      
,subsection 7c77#b7 %all apply ) respect
 to all individual retirem5t plans      
ma9ta9$ = ! b5efit ( ! taxpay] be=e     

p>agraph 7#a7 applies ) respect to a    
dep5d5t ( ! taxpay]4  7,b7 ,election (  
ord] 9 ! case ( m ?an #a dep5d5t ,=     
purposes ( det]m9+ ! contribution limit 
"u p>agraph 7#a7 = m ?an #a dep5d5t1    
p>agraph 7#a77;,b77ii7 %all apply )     
respect to dep5d5ts ( ! taxpay] 9 ! ord]
 elect$ by ! taxpay]4  7#d7 ,dep5d5t to 
:om p>agraph 7#a7 applies ,p>agraph 7#a7
 %all apply to any dep5d5t ( a taxpay]  
if--  7,a7 ! taxpay] is all[$ a d$uction
 "u section #aea = ! dep5d5t = ! taxable
 ye>1  7,b7 9 ! case ( a taxpay] :o is  
m>ri$1 ! taxpay] files a jo9t return = !
 taxable ye>1 &  7,c7 ! am\nt (         
comp5sation 7if any7 includible 9 !     
dep5d5t's gross income = ! taxable ye>  
is less ?an ! comp5sation includible 9 !
 gross income ( ! taxpay] = ! taxable   
ye>4  7#e7 ,special rule = divorc$      
p>5ts1 etc ,= purposes ( p>agraph 7#c71 
rules simil> to ! rules ( section       
#aeb7;e7 %all apply4  7#f7 ,comp5sation 
,= purposes ( ?is subsection1 ! t]m     
comp5sation has ! mean+ giv5 su* t]m by 

section #bai7;f77#a74  4  7b7 ,con=m+   
am5dm5t ,section #djh;,a7d77#b77;,b7 ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by /rik+ ,ro? ,,ira7 & by ins]t+ ,ro?  
,,ira or a contribution is made to a    
dep5d5t's ,ro? ,,ira "u subsection 7g77 
aft] su* individual's sp\se4  7c7       
,income ,disreg>d ,"u ,f$]al            
,means-,te/$ ,b5efit ,programs ,! am\nt 
9 a ,ro? ,acc\nt = ,y\? e/abli%$        
pursuant to section #djh;,a7g7 ( !      
,int]nal ,rev5ue ,code ( #aihf %all be  
disreg>d$ z income or res\rces =        
purposes ( det]m9+ eligibility = b5efits
 or assi/ance1 or ! am\nt or ext5t (    
b5efits or assi/ance1 "u any ,f$]al     
b5efit program t is means-te/$4  7d7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4