HR 1245
99th Congress
House
Taxation
Income tax
Social Welfare
Tax administration
A bill entitled: "Senior Citizens Tax Improvement Act".
Introduced: February 25, 1985
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 1985
Referred to House Committee on Ways and Means.
Feb 25, 1985
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 age 65 or over 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
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1