Better Future for American Families Act

Summary

Official

Better Future for American Families Act - Amends the Internal Revenue Code to rename the tax credit for elective deferrals and IRA contributions as the saver's credit. Revises the applicable percentage and phaseout formula for calculating the credit and makes such credit refundable.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/17/07)

Committee

Passed House

Passed Senate

President

Law