To amend the Internal Revenue Code of 1986 to exclude from gross income that portion of a governmental pension which does not exceed the maximum benefits payable under title II of the Social Security Act which could have been excluded from income for the taxable year.

Summary

Amends the Internal Revenue Code to exclude from the gross income of an individual amounts received as a pension or annuity under a public retirement system to the extent they are not attributable to services covered under the social security system. Limits the tax exclusion based upon calculations relating to income tax treatment of social security benefits.

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

Timeline

1. 31 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

2. 31 January 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 31 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 February 1989

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 January 1989

  Open at official source

Sponsors

• Rep. Frank, Barney [D-MA-4] · D · Sponsor
• Edward Markey · D · Cosponsor
• · hswm00 · Standing

Related records

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