HR 7872 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude the first $75,000 a year of earned income for an American working abroad, and for other purposes.

Introduced 1980-07-30· Sponsored by Rep. Gibbons, Sam [D-FL-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-07-30)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $20,000 to $75,000 the amount of the earned income tax exclusion for Americans working abroad. Repeals the income tax deduction for expenses of Americans living abroad.…

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