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United States · Bill · S

S. 1607 (97th)

A bill to amend the Internal Revenue Code of 1954 to provide a minimum interest and dividend exclusion of $200 for each individual.

openUnited States· United States Congress· EN

Introduced

10 September 1981

Last action

14 September 1981 · Committee

Status

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

Sponsors

Sen. D'Amato, Alfonse [R-NY], Sen. Hawkins, Paula [R-FL], Sen. Durenberger, Dave [R-MN], Sen. Specter, Arlen [R-PA], Sen. Bradley, Bill [D-NJ], Sen. Mitchell, George J. [D-ME], Rep. Cochran, Thad [R-MS-4], Sen. Helms, Jesse [R-NC], Sen. Heinz, John [R-PA], Sen. Nickles, Don [R-OK], Sen. Levin, Carl [D-MI], Sen. Melcher, John [D-MT], Sen. Domenici, Pete V. [R-NM], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Leahy, Patrick J. [D-VT], Sen. East, John P. [R-NC], Sen. Mathias, Charles McC., Jr. [R-MD], Rep. Kasten, Robert W., Jr. [R-WI-9], Sen. Stevens, Ted [R-AK], Sen. Mattingly, Mack [R-GA], Sen. Metzenbaum, Howard M. [D-OH], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Murkowski, Frank H. [R-AK], Sen. Zorinsky, Edward [D-NE]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Crude Oil Windfall Profit Tax Act of 1980, as amended by the Economic Recovery Tax Act of 1981, to repeal the termination date for the partial tax exclusion of dividends and interest. Increases the amount of such exclusion.

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

Timeline

  1. 10 September 1981

    Introduced

    Read second time and referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 10 September 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 14 September 1981

    Committee

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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