HR 12653 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from the gross income of individuals certain amounts of earned income and of income from pensions and annuities.

Introduced 1978-05-10· Sponsored by Rep. Murphy, Austin J. [D-PA-22]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide a $8,500 tax exclusion from gross income for any amount received as earned income or as a pension or annuity.…

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