HR 12542 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt from income tax any pension or annuity received under a public retirement system.

Introduced 1976-03-16· Sponsored by Rep. Duncan, John J. [R-TN-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-03-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income amounts received by an individual as a pension, annuity, or similar retirement benefit under a public retirement system. Makes technical and conforming amendments.…

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