Skip to main content
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
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 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
 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 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 November 20, 1981

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5082: 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.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-5082/
MLA
"H.R. 5082: 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.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-5082/.
Bluebook (legal)
H.R. 5082, 97th Cong. (2026), https://openamerica.io/bill/97-HR-5082/.
Markdown link
[H.R. 5082: 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.](https://openamerica.io/bill/97-HR-5082/)
Report a problem