HR 147
107th Congress
House
Taxation
Income tax
Labor and Employment
Layoffs
Personal income tax
Severance pay
Tax exclusion
Layoff Tax Relief Act of 2001
Introduced: January 3, 2001
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 2001
Referred to the House Committee on Ways and Means.
Jan 3, 2001
Introduced in House
Plain-English summary
Layoff Tax Relief Act of 2001 - Amends the Internal Revenue Code to exclude from gross income up to $2,500 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $150,000.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1