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

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

1. 27 October 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 October 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 October 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 · 27 October 1977

  Open at official source

Sponsors

• Rep. Ottinger, Richard L. [D-NY-24] · D · Sponsor
• Rep. Zeferetti, Leo C. [D-NY-15] · D · 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 a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.