HR 3140 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the amount of retirement income eligible for the tax credit for retirement income from $1,524 to $5,000.

Introduced 1975-02-13· Sponsored by Rep. Traxler, Bob [D-MI-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-13)

Plain Language Summary

[AI summary unavailable — showing source text] Increases the amount of retirement income eligible for the tax credit for retirement income allowed under the Internal Revenue Code of 1954 from $1,524 to $5,000. Increases such amount from $2,286 to $7,500 in the case of a married couple filing jointly if each of them have reached the age of 65.…

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