HR 7403 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income certain amounts received in connection with retirement as compensation for unused vacation and sick leave.

Introduced 1980-05-20· Sponsored by Rep. Traxler, Bob [D-MI-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-05-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for a one-time exclusion from the gross income of an employee of up to $12,000 of vacation and sick leave pay accrued by such employee in connection with retirement.…

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