A bill to amend the Internal Revenue Code of 1954 to provide for individuals who have attained age 65 a credit against income tax of 50 cents for each dollar of earned income, subject to certain limitations.

Summary

Amends the Internal Revenue Code to allow individuals age 65 or older an income tax credit for 50 percent of their earned income. Limits such credit to a maximum of $2,000 to $4,000 depending on the taxpayer's age.

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

Timeline

1. 6 January 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 January 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1983

   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 · 6 January 1983

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• · hswm00 · Standing

Related records

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