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.

Summary

Provides, under the Internal Revenue Code, that gross income does not include any amounts received by an individual in the taxable year as a pension, annuity, or other benefit under a public retirement system, or any amounts received by an individual who is age 65 or over as a pension, annuity, or other retirement benefit under any other retirement plan, program, or system, to the extent that the aggregate of such amounts does not exceed $5,000.

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

Timeline

1. 6 June 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 June 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 June 1973

   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 · 6 June 1973

  Open at official source

Sponsors

• Rep. Biaggi, Mario [D-NY-10] · D · Sponsor
• Rep. Hinshaw, Andrew J. [R-CA-40] · R · Cosponsor
• · 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 taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.