[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3965 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3965

To amend the Internal Revenue Code of 1986 to increase the amount which 
            may be contributed to defined contribution plan.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 2, 1996

  Mr. Leach introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to increase the amount which 
            may be contributed to defined contribution plan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN AMOUNT WHICH MAY BE CONTRIBUTED TO DEFINED 
              CONTRIBUTION PLAN.

    (a) In General.--Subparagraph (B) of section 415(c)(1) of the 
Internal Revenue Code of 1986 (relating to limitation for defined 
contribution plans) is amended by striking ``25 percent'' and inserting 
``40 percent''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to years beginning after December 31, 1993.
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