H.R.5031 - Young Savers' Tax Credit Act of 2010111th Congress (2009-2010)
Summary: H.R.5031 — 111th Congress (2009-2010)
Introduced in House (04/15/2010)
Young Savers' Tax Credit Act of 2010 - Amends the Internal Revenue Code to allow a $500 annual tax credit for contributions to retirement plans by individuals who are age 30 or younger. Requires such contributions to equal at least 1% of such individuals' compensation.