HR 3968 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income certain savings bonds received by an employee as a service award, and for other purposes.

Introduced 1981-06-18· Sponsored by Rep. Mitchell, Parren J. [D-MD-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-06-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income, for income tax and social security tax purposes, U.S. savings bonds received by an employee in recognition of achievement. Limits the exclusion to $250 ($500 in the case of a joint return filed by married individuals).…

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