S. 142 (97th): A bill to increase the amount of the exemption of certain interest and dividend income from taxation, and to make permanent the exemption of interest from taxation.


Jan 19, 1981
97th Congress, 1981–1982

Died in a previous Congress

This bill was introduced on January 19, 1981, in a previous session of Congress, but was not enacted.


Lloyd Bentsen Jr.

Senator from Texas


About the bill

Summary (CRS)

1/19/1981--Introduced.Amends the Internal Revenue Code to increase to $1,000 ($2,000 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross ... Read more >

The bill’s title was written by its sponsor.


Jan 19, 1981

This is the first step in the legislative process.

This is a Senate bill in the United States Congress (indicated by the “S.” in “S. 142”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


7 cosponsors (5D, 2R) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 2240 (identical)

Referred to Committee
Last Action: Mar 2, 1981

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Primary Source

THOMAS.gov (The Library of Congress)

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