Layoff Tax Relief Act of 2001 - Amends the Internal Revenue Code to exclude from gross income up to $2,500 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $150,000.
Full Text
Legislative Actions
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Ask about this bill
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.