A bill to relieve taxpayers from liability with respect to certain underpayments of estimated tax, underwithholding, and interest on underpayments of tax attributable to the application to 1976 of the sick pay and other provisions of the Tax Reform Act of 1976.

Summary

Amends the Internal Revenue Code to provide that taxpayers shall not be required to pay the principal or interest for underpayments of taxes for any period prior to April 16, 1977 (March 16, 1977 in the case of a corporation), nor penalized for any failure to withhold and deduct taxes on remuneration paid before 1977, to the extent that such failures or underpayment are attributable to new or increased tax liabilities imposed by the Tax Reform Act.

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

Timeline

1. 24 February 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 24 February 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 February 1977

   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 · 24 February 1977

  Open at official source

Sponsors

• Rep. Keys, Martha E. [D-KS-2] · D · Sponsor
• Rep. Bonior, David E. [D-MI-10] · D · Cosponsor
• Sen. Wirth, Timothy [D-CO] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to relieve taxpayers from liability with respect to certain underpayments of estimated tax, underwithholding, and interest on underpayments of tax attributable to the application to 1976 of the sick pay and other provisions of the Tax Reform Act of 1976.