United States · Bill · HR
H.R. 1873 (97th)
A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest each individual may exclude from gross income to $1,000 in the case of individuals under age 62 and to $4,000 in the case of individuals age 62 or older, and to make such exclusion permanent.
Introduced
17 February 1981
Last action
4 August 1981 · Committee
Status
See H.R.4242.
Sponsors
Rep. Yatron, Gus [D-PA-6], Rep. Kogovsek, Ray [D-CO-3], Rep. Zeferetti, Leo C. [D-NY-15], Rep. Murphy, Austin J. [D-PA-20], Rep. Bonior, David E. [D-MI-10], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Bedell, Berkley W. [D-IA-6], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Seiberling, John F. [D-OH-14], Rep. Garcia, Robert [D-NY-18], Rep. Guyer, Tennyson [R-OH-4], Rep. Udall, Morris K. [D-AZ-2], Rep. Pepper, Claude [D-FL-18], Rep. Fenwick, Millicent H. [R-NJ-5]
Subjects
Taxation
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to increase the amount of interest and dividend income which may be excluded from gross income to $1,000 for individuals under age 62 and to $4,000 for individuals over age 62. Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for such exclusion.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
17 February 1981
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
17 February 1981
Introduced
Introduced in House
Source: IntroReferral
17 February 1981
Introduced
Introduced in House
Source: IntroReferral
4 August 1981
Committee
See H.R.4242.
Source: Committee
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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Introduced in House
summary · EN · 17 February 1981
Sponsors
- Rep. Yatron, Gus [D-PA-6] · D · Sponsor
- Rep. Kogovsek, Ray [D-CO-3] · D · Sponsor
- Rep. Zeferetti, Leo C. [D-NY-15] · D · Sponsor
- Rep. Murphy, Austin J. [D-PA-20] · D · Sponsor
- Rep. Bonior, David E. [D-MI-10] · D · Sponsor
- Rep. Lagomarsino, Robert J. [R-CA-19] · R · Sponsor
- Rep. Bedell, Berkley W. [D-IA-6] · D · Sponsor
- Rep. Daniel, W. C. (Dan) [D-VA-5] · D · Sponsor
- Rep. Seiberling, John F. [D-OH-14] · D · Sponsor
- Rep. Garcia, Robert [D-NY-18] · D · Sponsor
- Rep. Guyer, Tennyson [R-OH-4] · R · Cosponsor
- Rep. Udall, Morris K. [D-AZ-2] · D · Cosponsor
- Rep. Pepper, Claude [D-FL-18] · D · Cosponsor
- Rep. Fenwick, Millicent H. [R-NJ-5] · R · Cosponsor
- · hswm00 · Standing
Related records
- related to ← Economic Recovery Tax Act of 1981
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/97th-congress/house-bill/1873
- Open data entity: https://api.congress.gov/v3/bill/97/hr/1873
- us · 97-hr-1873 · source updated 7 February 2024