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HR 5464 97th Congress House Taxation Income tax Labor and Employment Retirement income Social Welfare Tax exclusion

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income retirement benefits received by certain retired individuals who have attained age 65.

Introduced: February 4, 1982 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1982
Referred to House Committee on Ways and Means.
Feb 4, 1982
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exclude from gross income certain retirement benefits to the extent that such benefits do not exceed the maximum social security benefit.

Reduces such exclusion by the amount of social security benefits received. Limits eligibility for such exclusion to taxpayers who are age 65 or over and who receive retirement benefits which exceed one-half of their adjusted gross income for the year.

What's happening now February 4, 1982

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1