HR 3966 · 96th 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 1979-05-07· Sponsored by Rep. McDade, Joseph M. [R-PA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-05-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals a $5,000 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