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S 1459 97th Congress Senate 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 the partial exclusion of dividends and interest and to make such exclusion permanent.

Introduced: July 10, 1981 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
Jul 20, 1981
Committee on Finance requested executive comment from OMB; Treasury Department.
Jul 10, 1981
Read second time and referred to Senate Committee on Finance.
Jul 10, 1981
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase the amount of the partial tax exclusion of dividends and interest. Makes such exclusion permanent.

What's happening now July 20, 1981

Committee on Finance requested executive comment from OMB; Treasury Department.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jul 14, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1459: A bill to amend the Internal Revenue Code of 1954 to increase the amount of the partial exclusion of dividends and interest and to make such exclusion permanent.. 97th Congress. Open America. https://openamerica.io/bill/97-S-1459/
MLA
"S. 1459: A bill to amend the Internal Revenue Code of 1954 to increase the amount of the partial exclusion of dividends and interest and to make such exclusion permanent.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-S-1459/.
Bluebook (legal)
S. 1459, 97th Cong. (2026), https://openamerica.io/bill/97-S-1459/.
Markdown link
[S. 1459: A bill to amend the Internal Revenue Code of 1954 to increase the amount of the partial exclusion of dividends and interest and to make such exclusion permanent.](https://openamerica.io/bill/97-S-1459/)
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