A bill to amend the Internal Revenue Code of 1954 to increase the interest and dividend exclusion and to provide a larger exclusion for individuals 65 and over.

referredUnited States· United States Congress· EN

Introduced

19 May 1981

Last action

—

Status

Read second time and referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to increase to $1,000 ($2,000 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross income. Increases such exclusion to $2,500 ($5,000 in the case of a joint return) for individuals who are age 65 or over.

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Documents

1 official file

Introduced in Senate
summary · EN · 19 May 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1220
Open data entity: https://api.congress.gov/v3/bill/97/s/1220