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S 408 97th Congress Senate Taxation Americans employed in foreign countries Americans in foreign countries Housing and Housing Finance Housing subsidies Income tax International Affairs Tax deductions Tax exclusion

A bill to amend the Internal Revenue Code of 1954 with respect to the income tax treatment of earned income of citizens or residents of the United States earned abroad, and for other purposes.

Introduced: February 5, 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 1981
Committee on Finance requested executive comment from OMB; Treasury Department.
Apr 24, 1981
Subcommittee on Taxation and Debt Management. Hearings held.
Apr 8, 1981
Star Print ordered on S.408.
Feb 5, 1981
Subcommittee on Taxation and Debt Management took the following actions.
Feb 5, 1981
Read second time and referred to Senate Committee on Finance.
Feb 5, 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 earned income exclusion for U.S. citizens working abroad who are bona fide residents of a foreign country. Sets the amount of such exclusion at $50,000, plus 50 percent of the lesser of compensation exceeding $50,000 or $50,000.

Repeals the requirement that such U.S. citizens work in hardship areas to be eligible for the tax exclusion.

Reduces the length of the residency requirement for the tax exclusion.

Provides for an income tax exclusion for the value of employer-provided lodging in a camp in cases where satisfactory housing is not generally available.

Repeals the income tax deduction for certain living expenses of U.S. citizens abroad.

What's happening now May 15, 1981

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

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 8, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). S. 408: A bill to amend the Internal Revenue Code of 1954 with respect to the income tax treatment of earned income of citizens or residents of the United States earned abroad, and for other purposes.. 97th Congress. Open America. https://openamerica.io/bill/97-S-408/
MLA
"S. 408: A bill to amend the Internal Revenue Code of 1954 with respect to the income tax treatment of earned income of citizens or residents of the United States earned abroad, and for other purposes.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-S-408/.
Bluebook (legal)
S. 408, 97th Cong. (2026), https://openamerica.io/bill/97-S-408/.
Markdown link
[S. 408: A bill to amend the Internal Revenue Code of 1954 with respect to the income tax treatment of earned income of citizens or residents of the United States earned abroad, and for other purposes.](https://openamerica.io/bill/97-S-408/)
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