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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
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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.
Jul 22, 1981
Referred to House Committee on Ways and Means.
Jul 22, 1981
Introduced in House
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 Plain-English summary Congressional Research Service

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 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
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4239: 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.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4239/
MLA
"H.R. 4239: 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.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4239/.
Bluebook (legal)
H.R. 4239, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4239/.
Markdown link
[H.R. 4239: 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.](https://openamerica.io/bill/97-HR-4239/)
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