A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends which may be excluded from gross income to $1,000 in the case of certain individuals who have attained age 62 or $500 in the case of other taxpayers.

referredUnited States· United States Congress· EN

Introduced

17 July 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Increases the amount of dividends which may be excluded from gross income under the Internal Revenue Code to $1,000 in the case of individuals who have attained age sixty-two and received retirement income during the taxable year, or $500 in the case of other taxpayers.

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Documents

1 official file

Introduced in House
summary · EN · 17 July 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/8707
Open data entity: https://api.congress.gov/v3/bill/94/hr/8707