HR 6654
97th Congress
House
Taxation
Income tax
Social Welfare
Tax administration
A bill to amend the Internal Revenue Code of 1954 to allow the Secretary of the Treasury to waive the interest penalty for failure to pay estimated income tax, for elderly and retired persons, in certain situations.
Introduced: June 22, 1982
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 19, 1982
See H.R.4961.
Jun 22, 1982
Referred to House Committee on Ways and Means.
Jun 22, 1982
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to authorize the Secretary of the Treasury to prescribe regulations exempting retirees or individuals over age 65 from interest penalties with respect to any underpayment of estimated tax. Requires that such underpayment be due to reasonable cause (defined to include mistake or ignorance of the law) and not to willful neglect.
What's happening now
See H.R.4961.
Committees of jurisdiction
1
Cosponsors
1