H.R. 3811 — Layoff Tax Relief Act

Summary

Layoff Tax Relief Act - Amends the Internal Revenue Code to exclude from gross income up to $2,000 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $150,000.

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Legislative Actions

2000-03-01
Introduced in House
2000-03-01
Introduced in House
2000-03-01
Referred to the House Committee on Ways and Means.

Layoff Tax Relief Act

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Summary

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