S 1332 · 107th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to exclude certain severance payment amounts from income.

Introduced 2001-08-02· Sponsored by Sen. Torricelli, Robert G. [D-NJ]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2001-08-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $5,000 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $125,000.…

Summarized by Claude AI · Non-partisan · For informational purposes only