HR 1310 · 96th 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.

Introduced 1979-01-23· Sponsored by Rep. Whitehurst, G. William [R-VA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from the gross income of individuals age 65 or over up to $5,000 of the amount received as an annuity, pension, or other retirement benefit.…

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

Cosponsors (1)

1 Republican
Rep. Spence, Floyd [R-SC-2]