Skip to main content
HR 1541 97th Congress House Taxation Corporations and Stocks Dividends Finance and Financial Sector Income tax Interest Securities and Investments Social Welfare Stocks Tax exclusion

A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which are excluded from gross income, and to make such exclusion permanent.

Introduced: February 2, 1981 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 1981
See H.R.4242.
Feb 2, 1981
Referred to House Committee on Ways and Means.
Feb 2, 1981
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase to $1,000 ($2,000 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross income. Increases such exclusion to $5,000 ($10,000 in the case of a joint return) for individuals who are 65.

Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for such exclusion.

What's happening now August 4, 1981

See H.R.4242.

 Related & companion bills 1
  • HR 4242 Related bill Economic Recovery Tax Act of 1981
 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Feb 24, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1541: A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which are excluded from gross income, and to make such exclusion permanent.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-1541/
MLA
"H.R. 1541: A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which are excluded from gross income, and to make such exclusion permanent.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-1541/.
Bluebook (legal)
H.R. 1541, 97th Cong. (2026), https://openamerica.io/bill/97-HR-1541/.
Markdown link
[H.R. 1541: A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which are excluded from gross income, and to make such exclusion permanent.](https://openamerica.io/bill/97-HR-1541/)
Report a problem