Summary: H.R.2999 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.2999. Bill summaries are authored by CRS.

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Introduced in House (02/29/1996)

Amends the Internal Revenue Code to allow an individual to exclude any qualified severance payment amounts from gross income. Limits the exclusion to not exceed $50,000 with respect to any separation from employment.