HR 2999
104th Congress
House
Taxation
Dismissal wage
Income tax
Labor and Employment
Tax exclusion
To amend the Internal Revenue Code of 1986 to exclude certain severance payment amounts from income.
Introduced: February 29, 1996
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 29, 1996
Referred to the House Committee on Ways and Means.
Feb 29, 1996
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow an individual to exclude any qualified severance payment amounts from gross income. Limits the exclusion to not exceed $50,000 with respect to any separation from employment.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1