[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 180 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 180

To amend the Internal Revenue Code of 1986 to allow married individuals 
  to contribute to an IRA even if their spouse is a participant in a 
                             pension plan.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 22, 1997

Mrs. Hutchison introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to allow married individuals 
  to contribute to an IRA even if their spouse is a participant in a 
                             pension plan.

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

SECTION 1. IRA ALLOWED FOR SPOUSES WHO ARE NOT ACTIVE PLAN 
              PARTICIPANTS.

    (a) In General.--Section 219(g)(1) of the Internal Revenue Code of 
1986 is amended by striking ``or the individual's spouse''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1996.
                                 <all>