HR 5619 · 95th 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, pension or other retirement benefits.

Introduced 1977-03-28· Sponsored by Rep. Derwinski, Edward J. [R-IL-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-03-28)

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