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.
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
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
15 January 1979
Introduced
Introduced in House
Source: IntroReferral
15 January 1979
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
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
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Introduced in House
summary · EN · 15 January 1979
Sponsors
- Rep. Lloyd, James F. [D-CA-35] · D · Sponsor
- Rep. Lederer, Raymond F. [D-PA-3] · D · Cosponsor
- Rep. Dornan, Robert K. [R-CA-46] · R · Cosponsor
- Rep. Moakley, John Joseph [D-MA-9] · D · Cosponsor
- Rep. Horton, Frank J. [R-NY-29] · R · Cosponsor
- Rep. Roe, Robert A. [D-NJ-8] · D · Cosponsor
- Rep. Whitehurst, G. William [R-VA-2] · R · Cosponsor
- Rep. Ottinger, Richard L. [D-NY-20] · D · Cosponsor
- Rep. Hall, Sam B., Jr. [D-TX-1] · D · Cosponsor
- Rep. McCormack, Mike [D-WA-4] · D · Cosponsor
- Rep. Corcoran, Tom [R-IL-14] · R · Cosponsor
- Rep. Burgener, Clair W. [R-CA-43] · R · Cosponsor
- Rep. Kildee, Dale E. [D-MI-5] · D · Cosponsor
- Rep. Daniel, W. C. (Dan) [D-VA-5] · D · Cosponsor
- Del. Evans, Melvin H. [R-VI-At Large] · R · Cosponsor
- Rep. Yatron, Gus [D-PA-6] · D · Cosponsor
- Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
- Rep. Conte, Silvio O. [R-MA-1] · R · Cosponsor
- Rep. Grisham, Wayne R. [R-CA-33] · R · Cosponsor
- Rep. Dougherty, Charles F. [R-PA-4] · R · Cosponsor
- Rep. Winn, Larry, Jr. [R-KS-3] · R · Cosponsor
- Rep. Weiss, Ted [D-NY-17] · D · Cosponsor
- Rep. Marriott, David Daniel [R-UT-2] · R · Cosponsor
- Rep. Waxman, Henry A. [D-CA-33] · D · Cosponsor
- Rep. Young, C. W. Bill [R-FL-13] · R · Cosponsor
- Rep. Richmond, Frederick W. [D-NY-14] · D · Cosponsor
- Rep. Scheuer, James H. [D-NY-8] · D · Cosponsor
- Rep. Mineta, Norman Y. [D-CA-15] · D · Cosponsor
- Rep. Edgar, Robert W. [D-PA-7] · D · Cosponsor
- Rep. Stokes, Louis [D-OH-11] · D · Cosponsor
- Rep. Lloyd, Marilyn [D-TN-3] · D · Cosponsor
- Sen. Markey, Edward J. [D-MA] · D · Cosponsor
- Rep. Kemp, Jack [R-NY-31] · R · Cosponsor
- Rep. Gilman, Benjamin A. [R-NY-20] · R · Cosponsor
- Rep. Patterson, Jerry M. [D-CA-38] · D · Cosponsor
- Rep. Forsythe, Edwin B. [R-NJ-6] · R · Cosponsor
- Rep. Derwinski, Edward J. [R-IL-4] · R · Cosponsor
- Rep. Jones, Walter B. [D-NC-1] · D · Cosponsor
- Rep. Bevill, Tom [D-AL-4] · D · Cosponsor
- Rep. Campbell, Carroll A., Jr. [R-SC-4] · R · Cosponsor
- Rep. Kogovsek, Ray [D-CO-3] · D · Cosponsor
- Rep. Bonior, David E. [D-MI-10] · D · Cosponsor
- Rep. Mitchell, Parren J. [D-MD-7] · D · Cosponsor
- Rep. Guyer, Tennyson [R-OH-4] · R · Cosponsor
- Rep. Murphy, Austin J. [D-PA-20] · D · Cosponsor
- Rep. Young, Don [R-AK-At Large] · R · Cosponsor
- Rep. Edwards, Mickey [R-OK-5] · R · Cosponsor
- Rep. Carney, William [R-NY-1] · R · Cosponsor
Showing 48 of 51 sponsors and actors.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/96th-congress/house-bill/541
- Open data entity: https://api.congress.gov/v3/bill/96/hr/541
- us · 96-hr-541 · source updated 7 February 2024