A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

Summary

Provides that gross income during any taxable year for Federal tax purposes does not include any amount received as an annuity, pension or other retirement benefit, so long as the total of such benefits for any one year does not exceed $5,000. (Amends 26 U.S.C. 72(a))

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

Timeline

1. 20 February 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 20 February 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 February 1973

   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 · 20 February 1973

  Open at official source

Sponsors

• Rep. Byron, Goodloe E. [D-MD-6] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.