H.R. 1951 — A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system of the taxpayer is at least 65 years of age.

Summary

Amends the Internal Revenue Code to allow pensioners under a public retirement system and other retirees aged 65 or over a $5,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.

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Related Legislation

H.R. 224A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.
1981-01-05Referred to House Committee on Ways and Means.
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Legislative Actions

1981-02-19
Introduced in House
1981-02-19
Introduced in House
1981-02-19
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system or any other system of the taxpayer is at least 65 years of age.

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