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To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to home savings accounts, and for other purposes.

7/2/2026, 11:18 AM

Summary of Bill HR 9480

This bill, designated as H.R. 9480 in the 119th Congress, aims to amend the Internal Revenue Code of 1986. The main provision of the bill is to allow a deduction for amounts contributed to home savings accounts. The bill was introduced on June 25, 2026.

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Current Status of Bill HR 9480

Bill HR 9480 is currently in the status of Bill Introduced since June 25, 2026. Bill HR 9480 was introduced during Congress 119 and was introduced to the House on June 25, 2026.  Bill HR 9480's most recent activity was Referred to the House Committee on Ways and Means. as of June 25, 2026

Bipartisan Support of Bill HR 9480

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 9480

Primary Policy Focus

Alternate Title(s) of Bill HR 9480

To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to home savings accounts, and for other purposes.
To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to home savings accounts, and for other purposes.

Comments

Sponsors and Cosponsors of HR 9480

Scott Perry
Scott Perry
PennsylvaniaRepublican

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