Better Future for American Families Act
Last action on Apr 6, 2005Referred to the House Committee on Ways and Means.
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Summary
Better Future for American Families Act - Amends the Internal Revenue Code to rename the Credit for Elective Deferrals and IRA Contributions as the Saver's Credit. Revises the applicable percentage of an eligible individual's qualified retirement savings contributions for determining the amount of such credit. Makes the credit refundable and permanent.
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