A bill to amend the Internal Revenue Code of 1954 to provide a partial exclusion from gross income of certain retirement benefits received by taxpayers who have attained age 65.

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Status In Committee
Sponsor H. Saxton
Citation 99-HR-5419
Actions 2
Introduced Aug 13th, 1986
Cosponsors
Last Action Aug 13th, 1986
Policy Area
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Introduced House Aug 13
House
Senate
President
Enacted

Summary

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Amends the Internal Revenue Code to exclude from gross income of individuals age 65 or over amounts received as annuities, pensions, or other retirement benefits. Limits the amount of such exclusion to $10,000 reduced by the amount of benefits received under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act or the Railroad Retirement Act of 1974.

Actions

2
House
INTRODUCED
INTRODUCED
Aug 13, 1986
ON FLOOR
REFERRED TO COMMITTEE
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