A bill to amend the Internal Revenue Code of 1986 to provide for the exclusion from gross income of a certain portion of amounts received as annuities, pensions, or other retirement benefits by individuals who have attained age 65.
Tax Relief for Elderly Pensioners Act - Amends the Internal Revenue Code to exclude from the gross income of individuals age 65 or over amounts received as annuities, pensions, or other retirement benefits. Limits the exclusion to $7,500 for single individuals and $10,000 for joint returns.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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