A bill to amend the Internal Revenue Code of 1954 to provide a basic 10,000 dollars exemption from income tax, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals or married couples age 65 or over a $10,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.…