HR 8803 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits.

Introduced 1973-06-19· Sponsored by Rep. Coughlin, Lawrence [R-PA-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-06-19)

Plain Language Summary

[AI summary unavailable — showing source text] Permits, under the Internal Revenue Code of 1954, the exclusion of $5,000 from gross income, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits. (Amends 26 U.S.C. 72(a))…

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