Older Americans' Tax Savings Act

Summary

Older Americans' Tax Savings Act - Allows a reimbursement under the Internal Revenue Code for property taxes to persons 65 and over. Limits such reimbursement to the lesser of $480, or the property taxes accrued, and to claimant whose household income is lower than $5,000. Requires such reimbursement to be made in 12 monthly installments. Allows appeals to the Tax Court of denials of claims for such reimbursement. Disallows an income tax deduction for taxes for which a reimbursement is given.

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

Timeline

1. 14 January 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 14 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 January 1975

   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

• Introduced in House

  summary · EN · 14 January 1975

  Open at official source

Sponsors

• Rep. Broomfield, William S. [R-MI-19] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← Older Americans' Tax Savings Act
• related to ← Older Americans' Tax Savings Act