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United States · Bill · HR

H.R. 5059 (97th)

A bill to amend the Internal Revenue Code of 1954 to allow an individual a credit against income tax for any taxable year during a limited period of years after the individual attains age 65 if the individual is eligible to retire on social security, but does not retire, during such year.

referredUnited States· United States Congress· EN

Introduced

19 November 1981

Last action

23 November 1981 · Referred

Status

Referred to Subcommittee on Social Security.

Sponsors

Rep. Wright, James C., Jr. [D-TX-12], Rep. Annunzio, Frank [D-IL-11], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Bevill, Tom [D-AL-4], Rep. Biaggi, Mario [D-NY-10], Rep. Boner, William H. [D-TN-5], Rep. Chisholm, Shirley [D-NY-12], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Collins, Cardiss [D-IL-7], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Derwinski, Edward J. [R-IL-4], Rep. Dixon, Julian C. [D-CA-28], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Fascell, Dante B. [D-FL-15], Rep. Fields, Jack [R-TX-8], Rep. Goodling, William F. [R-PA-19], Rep. Hall, Sam B., Jr. [D-TX-1], Rep. Hughes, William J. [D-NJ-2], Rep. Lantos, Tom [D-CA-11], Rep. Mattox, James A. [D-TX-5], Rep. Mineta, Norman Y. [D-CA-13], Rep. Murphy, Austin J. [D-PA-22], Rep. Nelson, Bill [D-FL-11], Rep. Ottinger, Richard L. [D-NY-24], Rep. Pepper, Claude [D-FL-14], Rep. Rosenthal, Benjamin S. [D-NY-8]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow a nonrefundable income tax credit for delaying social security retirement past age 65. Limits the amount of such credit to $1,000 for retirement at age 66, $1,500 for retirement at age 67, and $2,000 for retirement at age 68 or older.

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

Timeline

  1. 19 November 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 19 November 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 November 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 23 November 1981

    Referred

    Referred to Subcommittee on Social Security.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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