A bill to amend the Internal Revenue Code of 1986 to provide a partial exclusion from gross income of certain retirement benefits received by taxpayers who have attained age 65.

referredUnited States· United States Congress· EN

Introduced

5 February 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow a partial exclusion from gross income of amounts received as an annuity, pension, or other retirement benefit by a taxpayer who has attained the age of 65. Limits the amount of such exclusion to an amount equal to $10,000 minus benefits received under title II of (Old Age, Survivors and Disability Insurance) the Social Security Act or under certain sections of the Railroad Retirement Act of 1974.

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Documents

1 official file

Introduced in House
summary · EN · 5 February 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/1041
Open data entity: https://api.congress.gov/v3/bill/100/hr/1041