H.R. 521 — A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits.

Summary

Amends the Internal Revenue Code to exclude from the gross income of individuals age 65 or over up to $5,000 of the amount received as an annuity, pension, or other retirement benefit.

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Related Legislation

H.R. 1310A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits.
1979-01-23Referred to House Committee on Ways and Means.
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1979-01-15
Introduced in House
1979-01-15
Introduced in House
1979-01-15
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, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits.

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