A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.

referredUnited States· United States Congress· EN

Introduced

30 June 1977

Last action

30 June 1977 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Ottinger, Richard L. [D-NY-24], Rep. Akaka, Daniel K. [D-HI-2], Rep. Badillo, Herman [D-NY-21], Rep. Benjamin, Adam, Jr. [D-IN-1], Rep. Blanchard, James [D-MI-18], Rep. Blouin, Michael [D-IA-2], Rep. Caputo, Bruce F. [R-NY-23], Rep. Cornell, Robert J. [D-WI-8], Rescom. Corrada, Baltasar [I-PR-At Large], Rep. D'Amours, Norman E. [D-NH-1], Rep. Eilberg, Joshua [D-PA-4], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Florio, James J. [D-NJ-1], Rep. Hannaford, Mark W. [D-CA-34], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Lloyd, Marilyn [D-TN-3], Sen. Mikulski, Barbara A. [D-MD], Rep. Moakley, John Joseph [D-MA-9], Rep. Murphy, Austin J. [D-PA-22], Rep. Patterson, Jerry M. [D-CA-38], Rep. Quie, Albert H. [R-MN-1], Rep. Rose, Charlie [D-NC-7]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official source View documents Share

Summary

Amends the Internal Revenue Code to provide a $5,000 tax exclusion for persons aged 65 or over for amounts received as an annuity, pension, or other retirement benefit, and for all persons receiving retirement benefits under a public retirement system.

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

Timeline

30 June 1977
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
30 June 1977
Introduced
Introduced in House
Source: IntroReferral
30 June 1977
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 · 30 June 1977
Open at official source

Related records

related to → A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/95th-congress/house-bill/8163
Open data entity: https://api.congress.gov/v3/bill/95/hr/8163
us · 95-hr-8163 · source updated 1 August 2024