A bill to amend the Internal Revenue Code of 1954 to provide that a taxpayer receiving a disability pension may, upon reaching age 65, continue to exclude a portion of such pension from taxable income.

Summary

Amends the Internal Revenue Code to permit the recipient of a disability pension to elect to exclude a portion of such pension from his taxable income after he has reached age 65. Delays the starting date for annuity payments until the first taxable year in which a recipient of a disability pension decides not to make an election to exclude disability benefits from his taxable income.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

2. 24 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 May 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 24 May 1978

  Open at official source

Sponsors

• Rep. Seiberling, John F. [D-OH-14] · D · Sponsor
• · hswm00 · Standing

Related records

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