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United States · Bill · HR

H.R. 6393 (96th)

A bill to amend the Internal Revenue Code of 1954 to exclude $500 of interest on savings from the gross income of each individual who has attained age 65.

referredUnited States· United States Congress· EN

Introduced

31 January 1980

Last action

31 January 1980 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Peyser, Peter A. [D-NY-23], Rep. Murphy, Austin J. [D-PA-20], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Erdahl, Arlen [R-MN-1], Rep. Mitchell, Parren J. [D-MD-7], Rep. Bonior, David E. [D-MI-10], Rep. Pepper, Claude [D-FL-18], Rep. Stangeland, Arlan [R-MN-7], Rep. Donnelly, Brian J. [D-MA-11], Rep. Ottinger, Richard L. [D-NY-20], Rep. Richmond, Frederick W. [D-NY-14], Rep. Porter, John Edward [R-IL-10], Rep. Wilson, Charles [D-TX-2], Sen. Grassley, Chuck [R-IA], Rep. Roth, Toby [R-WI-8], Rep. Edgar, Robert W. [D-PA-7], Rep. Mineta, Norman Y. [D-CA-15], Rep. Collins, Cardiss [D-IL-7], Rep. Kildee, Dale E. [D-MI-5], Rep. Mitchell, Donald J. [R-NY-31], Rep. Gray, William H., III [D-PA-2], Rep. Stack, Edward J. [D-FL-12], Rep. Carney, William [R-NY-1]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow individual taxpayers who have attained age 65 an income tax exclusion for up to $500 ($1,000 for joint returns) of the interest income received by the taxpayer during the taxable year on deposits or accounts in a bank, mutual savings bank, or credit union.

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

Timeline

  1. 31 January 1980

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 31 January 1980

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 31 January 1980

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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