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There is one summary for this bill. Bill summaries are authored by CRS.

Allows an income tax exclusion under the Internal Revenue Code, in an amount not exceeding the maximum social security benefit payable in the taxable year involved, for retirement income received by a taxpayer under a public retirement system or under any other system if the taxpayer is at least 65 years of age. (Amends 26 U.S.C. 124)

There is one summary for this bill. Bill summaries are authored by CRS.

Allows an income tax exclusion under the Internal Revenue Code, in an amount not exceeding the maximum social security benefit payable in the taxable year involved, for retirement income received by a taxpayer under a public retirement system or under any other system if the taxpayer is at least 65 years of age. (Amends 26 U.S.C. 124)

There is one summary for this bill. Bill summaries are authored by CRS.

Allows an income tax exclusion under the Internal Revenue Code, in an amount not exceeding the maximum social security benefit payable in the taxable year involved, for retirement income received by a taxpayer under a public retirement system or under any other system if the taxpayer is at least 65 years of age. (Amends 26 U.S.C. 124)

There is one summary for this bill. Bill summaries are authored by CRS.

Allows an income tax exclusion under the Internal Revenue Code, in an amount not exceeding the maximum social security benefit payable in the taxable year involved, for retirement income received by a taxpayer under a public retirement system or under any other system if the taxpayer is at least 65 years of age. (Amends 26 U.S.C. 124)