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United States · Bill · HR

H.R. 688 (98th)

A bill to amend the Internal Revenue Code of 1954 to reinstate the partial exclusion of dividends and interest, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

6 January 1983

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to reinstate the partial exclusion from gross income of dividend and interest income received by an individual taxpayer. Limits the amount of such exclusion to $200 ($400 for joint returns) for a taxable year. Repeals provisions of the Economic Recovery Tax Act of 1981 which provided an increased exclusion of interest income in 1985 and disallowed an exclusion for dividends received from real estate investment trusts.

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Documents

1 official file

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