HR 2579 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

Introduced 1977-01-27· 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.(1977-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.…

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