HR 4763 · 94th Congress · Social Welfare

A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.

Introduced 1975-03-12· Sponsored by Rep. Gaydos, Joseph M. [D-PA-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-03-12)

Plain Language Summary

[AI summary unavailable — showing source text] Allows a tax exclusion under the Internal Revenue Code for the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is 65 years of age.…

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