Summary: H.R.4796 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.4796. Bill summaries are authored by CRS.

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Introduced in House (07/16/1979)

Amends the Internal Revenue Code to provide a tax exclusion from personal income earned abroad by an individual performing qualified charitable services for a tax-exempt employer created or organized in the United States. Limits such exclusion to an amount not to exceed a figure computed on a daily basis at an annual rate of $20,000. Sets a formula for the maximum amount of exclusion for an individual who performs such charitable services and also performs other services while residing in a camp located in a hardship area.