A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

referredUnited States· United States Congress· EN

Introduced

24 October 1973

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Allows an income tax exclusion under the Internal Revenue code for any amount received as an annuity, pension, or other retirement benefit during any taxable year to the extent that the total of such amounts received during such year does not exceed $5,000. Provides that this provision shall not apply to legislative retirement benefits.

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Documents

1 official file

Introduced in House
summary · EN · 24 October 1973
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/11097
Open data entity: https://api.congress.gov/v3/bill/93/hr/11097