A bill to increase the amount of the exemption of certain interest and dividend income from taxation, and to make permanent the exemption of interest from taxation.

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. Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for such exclusion.

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Timeline

1. 19 January 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 19 January 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 29 January 1981

   Committee

   Subcommittee on Savings, Pensions, and Investment took the following actions.

   Source: Committee

4. 4 May 1981

   Committee

   Subcommittee on Savings, Pensions, and Investment. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 19 January 1981

  Open at official source

Sponsors

• Sen. Bentsen, Lloyd M. [D-TX] · D · Sponsor
• Sen. Ford, Wendell H. [D-KY] · D · Sponsor
• Sen. DeConcini, Dennis [D-AZ] · D · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Sen. Zorinsky, Edward [D-NE] · D · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Baucus, Max [D-MT] · D · Cosponsor
• Sen. Biden, Joseph R., Jr. [D-DE] · D · Cosponsor
• · ssfi00 · Standing

Related records

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