A bill to amend the Internal Revenue Code of 1954 to provide a partial exclusion for dividends and interest beginning in 1983.

Summary

Amends the Internal Revenue Code to provide for a partial exclusion from gross income of interest and dividends, beginning in 1983. Limits the amount of such exclusion to 15 percent of the lesser of (1) $3,000 ($6,000 for joint returns) or (2) the excess of interest and dividend amounts received by a taxpayer during a taxable year over certain interest and penalty expenses.

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

Timeline

1. 12 July 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 12 July 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

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 · 12 July 1983

  Open at official source

Sponsors

• Sen. McClure, James A. [R-ID] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• Sen. Nunn, Sam [D-GA] · D · Cosponsor
• Sen. Zorinsky, Edward [D-NE] · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.