A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 or 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.

Summary

Amends the Internal Revenue Code to allow pensioners under a public retirement system and other retirees aged 65 or over a $5,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.

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

Timeline

1. 15 January 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 15 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 January 1979

   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 · 15 January 1979

  Open at official source

Sponsors

• Rep. Wolff, Lester L. [D-NY-6] · D · Sponsor
• · hswm00 · Standing

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.