A bill to relieve a substantial number of elderly individuals of the necessity of filing a declaration of estimated tax with respect to income from pensions or retirement annuities or income from interest and dividends not in excess of $2,000 per year.

Provides that elderly individuals 65 years of age or older shall not be required to file a declaration of estimated tax under the Internal Revenue Code with respect to income from pensions or retirement annuities or income from interest and dividends not in excess of $2,000 per year.