A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain retirement benefits received by individuals who have attained age fifty-five.

Summary

Amends the Internal Revenue Code to allow individuals age 55 or over a $17,000 exclusion from gross income for any amount received as an annuity, pension or other retirement benefit. Provides that in the case of a joint return the $17,000 limitation shall be applied separately with respect to each individual.

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

Timeline

1. 24 February 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 24 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 24 February 1981

  Open at official source

Sponsors

• Rep. Oakar, Mary Rose [D-OH-20] · D · Sponsor
• · hswm00 · Standing

Related records

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