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United States · Bill · HR

H.R. 13127 (94th)

A bill to amend the Internal Revenue Code of 1954 to allow individuals who have attained age 65 a nonrefundable tax credit for property taxes paid by them on their principal residences or for a certain portion of the rent they pay for their principal residences.

referredUnited States· United States Congress· EN

Introduced

8 April 1976

Last action

8 April 1976 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Maguire, Andrew [D-NJ-7], Rep. Bedell, Berkley W. [D-IA-6], Sen. Cohen, William S. [R-ME], Rep. Cornell, Robert J. [D-WI-8], Rep. D'Amours, Norman E. [D-NH-1], Rep. Dent, John H. [D-PA-21], Rep. Edgar, Robert W. [D-PA-7], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Fithian, Floyd J. [D-IN-2], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Kastenmeier, Robert W. [D-WI-2], Rep. LaFalce, John J. [D-NY-29], Rep. Lehman, William [D-FL-17], Rep. Litton, Jerry [D-MO-6], Rep. Mitchell, Parren J. [D-MD-7], Rep. Moakley, John Joseph [D-MA-9], Rep. Nix, Robert N. C. [D-PA-2], Rep. Ottinger, Richard L. [D-NY-20], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Rosenthal, Benjamin S. [D-NY-8], Rep. Santini, James D. [D-NV-98], Rep. Wilson, Charles [D-TX-2]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official sourceView documentsShare

Summary

Authorizes, under the Internal Revenue Code, any individual who has attained the age of 65 to take a nonrefundable tax credit for a percentage of the amount of real property taxes or the amount of rent constituting real property taxes paid or accrued by the taxpayer during the taxable year. Defines the applicable percentage as 50 percent reduced by two percent for each $1,000 amount by which the adjusted gross income of such taxpayer exceeds $5,000.

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

Timeline

  1. 8 April 1976

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 8 April 1976

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 April 1976

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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