H.R. 452 — A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

Summary

Provides that gross income during any taxable year for Federal tax purposes does not include any amount received as an annuity, pension or other retirement benefit, so long as the total of such benefits for any one year does not exceed $5,000. (Amends 26 U.S.C. 72(a))

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Related Legislation

H.R. 4357A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.
1973-02-20Referred to House Committee on Ways and Means.
Related
H.R. 4902A bill to amend the Internal Revenue Code of 1954, to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.
1973-02-28Referred to House Committee on Ways and Means.
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Legislative Actions

1973-01-03
Introduced in House
1973-01-03
Introduced in House
1973-01-03
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

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