H.R. 8508 — 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 for those 65 and older.

Summary

Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.

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Related Legislation

H.R. 25A 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.
1977-01-04Referred to House Committee on Ways and Means.
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Legislative Actions

1977-07-25
Introduced in House
1977-07-25
Introduced in House
1977-07-25
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 for those 65 and older.

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