HR 3818 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a basic $7,500 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

Introduced 1981-06-04· Sponsored by Rep. Byron, Beverly B. [D-MD-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-06-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals a $7,500 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