A bill to amend the Internal Revenue Code of 1986 to exclude certain severance payment amounts from income.

Summary

Amends the Internal Revenue Code to exclude from gross income up to $5,000 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $125,000.

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Timeline

1. 2 August 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 August 2001

   Introduced

   Sponsor introductory remarks on measure. (CR 8/3/2001 S8751-8752)

   Source: IntroReferral

3. 2 August 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 2 August 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 August 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 August 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 August 2001

  Open at official source

Sponsors

• Rep. Torricelli, Robert G. [D-NJ-9] · D · Sponsor
• · ssfi00 · Standing

Related records

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