A bill to amend the Internal Revenue Code of 1954 to provide that the first $5,000 of income of individuals 65 years of age or over shall be excluded from gross income.

Summary

Amends the Internal Revenue Code to exclude from gross income of any individual who has attained the age of 65 the first $5,000 of income, including any amount received as a pension or annuity, which would otherwise be included in such gross income.

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

Timeline

1. 10 September 1979

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 10 September 1979

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 10 September 1979

  Open at official source

Sponsors

• Sen. Mathias, Charles McC., Jr. [R-MD] · R · Sponsor
• · ssfi00 · Standing

Related records

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