S 1459 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the amount of the partial exclusion of dividends and interest and to make such exclusion permanent.

Introduced 1981-07-10· Sponsored by Sen. Schmitt, Harrison H. [R-NM]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-07-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of the partial tax exclusion of dividends and interest. Makes such exclusion permanent.…

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

Cosponsors (2)

2 Republicans
Sen. Symms, Steven D. [R-ID]ID
Sen. Grassley, Chuck [R-IA]IA