A bill to amend the Internal Revenue Code of 1954 to provide an additional itemized deduction for older individuals who rent their principal residence.

referredUnited States· United States Congress· EN

Introduced

28 March 1977

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to allow taxpayers age 65 and over to deduct from gross income an amount equal to 25 percent of the amount paid or accrued during the taxable year to rent their principal residences.

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Documents

1 official file

Introduced in Senate
summary · EN · 28 March 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/1137
Open data entity: https://api.congress.gov/v3/bill/95/s/1137