S 2822 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the partial interest and dividend exclusion for individuals to $750.

Introduced 1980-06-12· Sponsored by Sen. Schmitt, Harrison H. [R-NM]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-06-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the maximum interest and dividend exclusion for individuals from $200 ($400 for a joint return) to $750 ($1,500 for a joint return) by increments between 1981 and 1984. Removes the current January 1, 1983 termination date for such exclusion, thus making it permanent.…

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