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

Summary

Amends the Internal Revenue Code to reinstate the 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.

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

Timeline

1. 23 September 1982

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 September 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 September 1982

   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 · 23 September 1982

  Open at official source

Sponsors

• Rep. Solomon, Gerald B. H. [R-NY-24] · R · Sponsor
• Rep. Campbell, Carroll A., Jr. [R-SC-4] · R · Sponsor
• Rep. Roberts, Clint [R-SD-2] · R · Sponsor
• Rep. Kindness, Thomas N. [R-OH-8] · R · Sponsor
• Rep. Howard, James J. [D-NJ-3] · D · Sponsor
• Rep. McDonald, Lawrence P. [D-GA-7] · D · Cosponsor
• Rep. Whitehurst, G. William [R-VA-2] · R · Cosponsor
• Rep. Jeffries, Jim [R-KS-2] · R · Cosponsor
• · hswm00 · Standing

Related records

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