HR 4239
97th Congress
House
Taxation
Corporations and Stocks
Dividends
Finance and Financial Sector
Income tax
Interest
Securities and Investments
Stocks
Tax exclusion
A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which may be excluded from gross income, and to make such exclusion permanent.
Introduced: July 22, 1981
Introduced by:
Smith, Christopher H.
Republican
· New Jersey
See on congress.gov
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.
Jul 22, 1981
Referred to House Committee on Ways and Means.
Jul 22, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to increase the amount of dividends and interest which may be excluded from gross income to $2,500 beginning in 1984 ($5,000 in the case of taxpayers filing a joint return). Phases in the amount of such exclusion by $500 increments in 1982 ($1,500) and 1983 ($2,000). Makes such exclusion permanent.
What's happening now
See H.R.4242.
Committees of jurisdiction
1