A bill to amend the Internal Revenue Code of 1954 to allow the taxpayer the choice of a tax credit or a deduction for each household which includes a dependent person who is at least 65 years old.

Summary

Amends the Internal Revenue Code to allow a taxpayer to elect either an income tax credit of $250 or an income tax deduction of $1,000 for maintaining a household which includes as a member a dependent age 65 or over.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 31 July 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 31 July 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 5 August 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 31 July 1981

  Open at official source

Sponsors

• Sen. Jepsen, Roger W. [R-IA] · R · Sponsor
• Rep. Andrews, Mark [R-ND-At Large] · R · Sponsor
• Sen. McClure, James A. [R-ID] · R · Sponsor
• Sen. Thurmond, Strom [R-SC] · R · Sponsor
• Sen. Williams, Harrison A., Jr. [D-NJ] · D · Sponsor
• Sen. Hawkins, Paula [R-FL] · R · Cosponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Rep. Kasten, Robert W., Jr. [R-WI-9] · R · Cosponsor
• Sen. Cannon, Howard W. [D-NV] · D · Cosponsor
• Sen. Hayakawa, Samuel Ichiye [R-CA] · R · Cosponsor
• · ssfi00 · Standing

Related records

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