[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1611 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1611

 To amend the Internal Revenue Code of 1986 to eliminate the marriage 
 penalty with regard to income limits for the IRA deduction for active 
                     participants in pension plans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 26, 2001

 Mr. Gallegly 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 eliminate the marriage 
 penalty with regard to income limits for the IRA deduction for active 
                     participants in pension plans.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Marriage IRA Fairness Act of 2001''.

SEC. 2. ELIMINATION OF MARRIAGE PENALTY IN PHASEOUT OF IRA DEDUCTION 
              FOR ACTIVE PARTICIPANTS IN CERTAIN PENSION PLANS.

    (a) In General.--Clause (i) of section 219(g)(3)(B) of the Internal 
Revenue Code of 1986 (relating to applicable dollar amount) is amended 
to read as follows:
                            ``(i) In the case of a taxpayer filing a 
                        joint return, the applicable dollar amount for 
                        a taxable year shall be 200 percent of the 
                        dollar amount in effect under clause (ii) for 
                        the taxable year''.
    (b) Range.--Clause (ii) of section 219(g)(2)(A) of such Code is 
amended by striking ``for a taxable year beginning after December 31, 
2006''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2000.
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