HR 4278 · 94th 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.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1975-03-05)
Plain Language Summary
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Excludes from gross income, under the Internal Revenue Code of 1954, the first $5,000 received as annuities, pensions, or other retirement benefits by an individual who has attained age 65 before the close of the taxable year.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (19)
13 Democrats6 Republicans