A bill to increase the amount of the exemption of certain interest and dividend income from taxation, and to make permanent the exemption of interest from taxation.

openUnited States· United States Congress· EN

Introduced

2 March 1981

Last action

4 August 1981 · Committee

Status

See H.R.4242.

Sponsors

Rep. Stenholm, Charles W. [D-TX-17], Rep. Hall, Sam B., Jr. [D-TX-1], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Natcher, William H. [D-KY-2], Rep. Guyer, Tennyson [R-OH-4], Rep. Udall, Morris K. [D-AZ-2], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Petri, Thomas E. [R-WI-6], Rep. Dannemeyer, William E. [R-CA-39], Rep. Levitas, Elliott H. [D-GA-4], Rep. Ginn, Bo [D-GA-1], Sen. Jeffords, James M. [I-VT], Rep. Taylor, G. [R-MO-7], Rep. Roemer, Buddy [D-LA-4], Rep. McDonald, Lawrence P. [D-GA-7], Rep. Hutto, Earl [D-FL-1], Rep. Pepper, Claude [D-FL-18], Rep. Frost, Martin [D-TX-24], Rep. Burgener, Clair W. [R-CA-43], Rep. Luken, Thomas A. [D-OH-1], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. McEwen, Bob [R-OH-6], Rep. Ferraro, Geraldine A. [D-NY-9], Rep. Bedell, Berkley W. [D-IA-6], Rep. Dyson, Roy [D-MD-1], Rep. Nichols, Bill [D-AL-3], Rep. Kogovsek, Ray [D-CO-3], Rep. Traxler, Bob [D-MI-8], Rep. Hendon, Bill [R-NC-11], Rep. Mazzoli, Romano L. [D-KY-3], Rep. Fields, Jack [R-TX-8], Rep. Dornan, Robert K. [R-CA-46], Rep. Wolpe, Howard E. [D-MI-3], Rep. Bennett, Charles E. [D-FL-3]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official source View documents Share

Summary

Amends the Internal Revenue Code to increase to $1,000 ($2,000 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross income. 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

2 March 1981
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
2 March 1981
Introduced
Introduced in House
Source: IntroReferral
2 March 1981
Introduced
Introduced in House
Source: IntroReferral
10 March 1981
Committee
Executive Comment Requested from Treasury.
Source: Committee
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

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Introduced in House
summary · EN · 2 March 1981
Open at official source

Related records

related to ← Food and Agriculture Act of 1981
related to ← Economic Recovery Tax Act of 1981
related to ← A bill to increase the amount of the exemption of certain interest and dividend income from taxation, and to make permanent the exemption of interest from taxation.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/97th-congress/house-bill/2240
Open data entity: https://api.congress.gov/v3/bill/97/hr/2240
us · 97-hr-2240 · source updated 7 February 2024