HR 3997 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt certain trust income from the earned income limitation on the low-income allowance.

Introduced 1975-02-27· Sponsored by Rep. Quie, Albert H. [R-MN-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-27)

Plain Language Summary

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to exempt trust income from the earned income limitation on the low income allowance, if the corpus of such trust is derived entirely from the proceeds of any judgement or settlement of a suit for recovery of damages for personal injuries.…

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