I 
113TH CONGRESS 
1ST SESSION 
H. R. 837 
To amend the Internal Revenue Code of 1986 to expand the availability 
of the saver’s credit, to make the credit refundable, and to make Federal 
matching contributions into the retirement savings of the taxpayer. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 26, 2013 
Mr. NEAL (for himself, Mr. LEWIS, Mr. KIND, and Mr. ELLISON) 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 expand 
the availability of the saver’s credit, to make the credit 
refundable, and to make Federal matching contributions 
into the retirement savings of the taxpayer. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Savings for American 
Families’ Future Act of 2013’’. 
SEC. 2. MODIFICATION OF SAVER’S CREDIT. 
(a) 50 PERCENT CREDIT FOR ALL TAXPAYERS: EX-
PANSION OF PHASEOUT RANGES.—Subsection (b) of sec-
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tion 25B of the Internal Revenue Code of 1986 is amend-
ed to read as follows: 
‘‘(b) APPLICABLE PERCENTAGE.—For purposes of 
this section— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the applicable percentage is 50 percent. 
‘‘(2) PHASEOUT.—The percentage under para-
graph (1) shall be reduced (but not below zero) by 
the number of percentage points which bears the 
same ratio to 50 percentage points as— 
‘‘(A) the excess of— 
‘‘(i) the taxpayer’s adjusted gross in-
come for such taxable year, over 
‘‘(ii) the applicable dollar amount, 
bears to 
‘‘(B) the phaseout range. 
If any reduction determined under this paragraph is 
not a whole percentage point, such reduction shall be 
rounded to the nearest whole percentage point. 
‘‘(3) APPLICABLE DOLLAR AMOUNT; PHASEOUT 
RANGE.— 
‘‘(A) JOINT
RETURNS.—Except as pro-
vided in subparagraph (B)— 
‘‘(i) the applicable dollar amount is 
$65,000, and 
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‘calendar year 1992’ in subparagraph (B) 
thereof. 
Any increase determined under the preceding sen-
tence shall be rounded to the nearest multiple of 
$500.’’. 
(b) CREDIT MADE REFUNDABLE; MATCHING CON-
TRIBUTIONS.— 
(1) CREDIT MADE REFUNDABLE.—The Internal 
Revenue Code of 1986 is amended by moving section 
25B to subpart C of part IV of subchapter A of 
chapter 1 of such Code (relating to refundable cred-
its), by inserting section 25B after section 36B, and 
by redesignating section 25B as section 36C. 
(2) MATCHING CONTRIBUTIONS.—Section 36C 
of such Code, as redesignated by paragraph (1), is 
amended by adding at the end the following: 
‘‘(g) MATCHING CONTRIBUTIONS.— 
‘‘(1) IN GENERAL.—The credit allowed to an el-
igible individual under this section for any taxable 
year shall be twice the credit which would (but for 
this subsection) be allowed if— 
‘‘(A) the individual consents to the applica-
tion of paragraph (2), and 
‘‘(B) a designation by such individual is in 
effect for such year under paragraph (3). 
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‘‘(2) CREDIT PAID INTO DESIGNATED RETIRE-
MENT ACCOUNT.—Any credit under this section for 
any taxable year shall be paid by the Secretary into 
the designated retirement account of the individual 
for such year. The amount payable under the pre-
ceding sentence shall be subject to the reductions 
under section 6402 in the same manner as if such 
amount were an overpayment. The amount so paid 
shall be treated as refunded to such individual. 
‘‘(3) DESIGNATED
RETIREMENT
ACCOUNT.— 
For purposes of this subsection, the term ‘des-
ignated retirement account’ means any account or 
plan— 
‘‘(A) of a type to which qualified retire-
ment savings contributions may be made, 
‘‘(B) which is for such individual’s benefit, 
and 
‘‘(C) which is designated by such indi-
vidual (in such form and manner as the Sec-
retary may provide) on the return of tax for the 
taxable year. 
‘‘(4) TREATMENT
OF
MATCHING
CONTRIBU-
TIONS.—In the case of an amount paid under para-
graph (2) into a designated retirement account— 
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‘‘(A) any dollar limitation otherwise appli-
cable to the amount of contributions or defer-
rals to such account shall be increased by the 
amount so paid, 
‘‘(B) the individual’s basis in such account 
shall not be increased by reason of the amount 
so paid, and 
‘‘(C) such amount shall be treated as an 
employer contribution for the plan year in 
which such amount is paid for purposes of— 
‘‘(i) section 401(k)(3), and 
‘‘(ii) section 408(k)(6)(A)(iii). 
‘‘(5) REGULATIONS.—The Secretary shall pre-
scribe such regulations or other guidance as may be 
necessary to address situations under which the Sec-
retary is not able to make a payment to a designated 
retirement account of an individual, including a plan 
of an employer for which the individual no longer 
works and to an account that does not exist.’’. 
(3) CONFORMING AMENDMENTS.— 
(A) Section 6211(b)(4)(A) of such Code is 
amended by inserting ‘‘36C,’’ after ‘‘36B,’’. 
(B) The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such 
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Code is amended by striking the item relating 
to section 25B. 
(C) The table of sections for subpart C of 
such part is amended by adding at the end the 
following new item: 
‘‘Sec. 36C. Elective deferrals and IRA contributions by certain individuals.’’. 
(D) Section 1324(b)(2) of title 31, United 
States Code, is amended by inserting ‘‘36C,’’ 
after ‘‘36B,’’. 
(c) MAXIMUM CONTRIBUTIONS.—Subsection (a) of 
section 36C of such Code, as redesignated by subsection 
(b), is amended to read as follows: 
‘‘(a) ALLOWANCE OF CREDIT.— 
‘‘(1) IN GENERAL.—In the case of an eligible 
individual, there shall be allowed as a credit against 
the tax imposed by this subtitle for the taxable year 
an amount equal to the applicable percentage of so 
much of the qualified retirement savings contribu-
tions of the eligible individual for the taxable year as 
do not exceed the contribution limit. 
‘‘(2) CONTRIBUTION LIMIT.—For purposes of 
paragraph (1)— 
‘‘(A) IN GENERAL.—Except as otherwise 
provided in this paragraph, the contribution 
limit is $500 ($1,500 for taxable years begin-
ning after 2023). 
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‘‘(B) ANNUAL
INCREASES
TO
REACH 
$1,500.—In the case of taxable years beginning 
in a calendar year after 2013 and before 2024, 
the contribution limit shall be the sum of— 
‘‘(i) the contribution limit for taxable 
years beginning in the preceding calendar 
year (as increased under this subpara-
graph), and 
‘‘(ii) $100. 
‘‘(C) INFLATION
ADJUSTMENT.—In the 
case of any taxable year beginning in a calendar 
year after 2023, the $1,500 amount in subpara-
graph (A) shall be increased by an amount 
equal to— 
‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year in which the taxable year be-
gins, determined by substituting ‘calendar 
year 2022’ for ‘calendar year 1992’ in sub-
paragraph (B) thereof. 
Any increase determined under the preceding 
sentence shall be rounded to the nearest mul-
tiple of $50.’’. 
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(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2013. 
Æ 
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