Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 541 (96th)

A bill to amend the Internal Revenue Code of 1954 to exclude from the gross income of individuals who have attained the age of 62 $3,000 of interest received during any taxable year.

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

15 January 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Lloyd, James F. [D-CA-35], Rep. Lederer, Raymond F. [D-PA-3], Rep. Dornan, Robert K. [R-CA-46], Rep. Moakley, John Joseph [D-MA-9], Rep. Horton, Frank J. [R-NY-29], Rep. Roe, Robert A. [D-NJ-8], Rep. Whitehurst, G. William [R-VA-2], Rep. Ottinger, Richard L. [D-NY-20], Rep. Hall, Sam B., Jr. [D-TX-1], Rep. McCormack, Mike [D-WA-4], Rep. Corcoran, Tom [R-IL-14], Rep. Burgener, Clair W. [R-CA-43], Rep. Kildee, Dale E. [D-MI-5], Rep. Daniel, W. C. (Dan) [D-VA-5], Del. Evans, Melvin H. [R-VI-At Large], Rep. Yatron, Gus [D-PA-6], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Conte, Silvio O. [R-MA-1], Rep. Grisham, Wayne R. [R-CA-33], Rep. Dougherty, Charles F. [R-PA-4], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Weiss, Ted [D-NY-17], Rep. Marriott, David Daniel [R-UT-2], Rep. Waxman, Henry A. [D-CA-33], Rep. Young, C. W. Bill [R-FL-13], Rep. Richmond, Frederick W. [D-NY-14], Rep. Scheuer, James H. [D-NY-8], Rep. Mineta, Norman Y. [D-CA-15], Rep. Edgar, Robert W. [D-PA-7], Rep. Stokes, Louis [D-OH-11], Rep. Lloyd, Marilyn [D-TN-3], Sen. Markey, Edward J. [D-MA], Rep. Kemp, Jack [R-NY-31], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Patterson, Jerry M. [D-CA-38], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Derwinski, Edward J. [R-IL-4], Rep. Jones, Walter B. [D-NC-1], Rep. Bevill, Tom [D-AL-4], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Kogovsek, Ray [D-CO-3], Rep. Bonior, David E. [D-MI-10], Rep. Mitchell, Parren J. [D-MD-7], Rep. Guyer, Tennyson [R-OH-4], Rep. Murphy, Austin J. [D-PA-20], Rep. Young, Don [R-AK-At Large], Rep. Edwards, Mickey [R-OK-5], Rep. Carney, William [R-NY-1]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Summary

Amends the Internal Revenue Code to allow an individual age 62 or over an exclusion from gross income of up to $3,000 of interest income that would otherwise be includible. Reduces the amount of the exclusion by one-half of the amount by which the individual's adjusted gross income exceeds $5,500.

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

Timeline

  1. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 15 January 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  3. 15 January 1979

    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

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 51 sponsors and actors.

Related records

No cross-record relationships stored yet.

Sources

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