legislation: 96-s-2742
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 96-s-2742 | 96 | s | 2742 | A bill to amend the Internal Revenue Code of 1954 to provide that severance pay resulting from a plant closing shall be subject to tax at reduced rates. | Labor and Employment | 1980-05-20 | 1980-05-20 | Referred to Senate Committee on Finance. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Amends the Internal Revenue Code to impose a separate income tax on the severance pay of unmarried individuals whose employment is terminated by a closing of their place of employment which appears reasonably likely to be permanent and which involves the discharge within a 12 month period of at least 75 percent of the employees. Allows an income tax deduction for severance pay received in a taxable year to the extent that such pay is included in the gross income of the taxpayer. | 2021-06-14T20:08:22Z |