A bill to amend the Internal Revenue Code of 1954 with respect to the taxation of employee awards.

Summary

Amends the Internal Revenue Code to exclude from an employee's gross income the value of an employer awarded achievement award up to $250 (up to $1000 in the case of qualified plan awards). Requires employers to make informational returns relating to certain employee achievement awards which are not excludable in whole or in part from the recipient's income.

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

Timeline

1. 26 March 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 March 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 April 1985

   Committee

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 26 March 1985

  Open at official source

Sponsors

• Rep. Symms, Steven D. [R-ID-1] · R · Sponsor
• · ssfi00 · Standing

Related records

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