I 
111TH CONGRESS 
2D SESSION 
H. R. 5031 
To amend the Internal Revenue Code of 1986 to allow a credit against 
tax for individuals age 18 through 30 for certain retirement contributions. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 15, 2010 
Mrs. CAPITO 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 allow a 
credit against tax for individuals age 18 through 30 
for certain retirement contributions. 
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 ‘‘Young Savers’ Tax 
Credit Act of 2010’’. 
SEC. 2. YOUNG SAVER’S CREDIT. 
(a) IN GENERAL.—Section 25B of the Internal Rev-
enue Code of 1986 (relating to elective deferrals and IRA 
contributions by certain individuals) is amended by adding 
at the end the following new subsection: 
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‘‘(h) YOUNG SAVER’S CREDIT.— 
‘‘(1) IN GENERAL.—In the case of a qualified 
young saver, the credit determined under subsection 
(a) shall be an amount equal to so much of the 
qualified retirement savings contributions of such in-
dividual for the taxable year as does not exceed 
$500. 
‘‘(2) QUALIFIED YOUNG SAVER.—For purposes 
of this subsection, the term ‘qualified young saver’ 
means any eligible individual— 
‘‘(A) who elects the application of this sub-
section for the taxable year, 
‘‘(B) who has not attained the age of 31 
before the end of the taxable year, and 
‘‘(C) whose aggregate qualified retirement 
savings contributions for the taxable year are 
not less than an amount equal to 1 percent of 
the compensation includible in the individual’s 
gross income for such taxable year. 
‘‘(3) LIMITATION
BASED
ON
MODIFIED
AD-
JUSTED GROSS INCOME.— 
‘‘(A) IN
GENERAL.—The credit which 
would (but for this paragraph) be determined 
under subsection (h) for the taxable year shall 
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be reduced (but not below zero) by the amount 
determined under subparagraph (B). 
‘‘(B) 
AMOUNT
OF
REDUCTION.—The 
amount determined under this paragraph is the 
amount which bears the same ratio to the 
amount which would be so taken into account 
as— 
‘‘(i) the excess of— 
‘‘(I) 
the 
taxpayer’s 
adjusted 
gross income for such taxable year, 
over 
‘‘(II) $50,000 ($100,000 in the 
case of a joint return), bears to 
‘‘(ii) $20,000 ($40,000 in the case of 
a joint return). 
‘‘(4) INFLATION ADJUSTMENT.— 
‘‘(A) IN GENERAL.—In the case of a tax-
able year beginning after 2010, each of the dol-
lar amounts in paragraph (3) 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 
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