HR 5082
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 exclude from gross income dividends and interest received by individuals who have attained age sixty-two.
Introduced: November 20, 1981
Introduced by:
Smith, Christopher H.
Republican
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 1981
Referred to House Committee on Ways and Means.
Nov 20, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exclude from gross income up to $2,500 ($5,000 for joint returns) of the interest and dividends from a domestic corporation received by taxpayers aged 62 or over.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1