There is one summary. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/24/1980)

Amends the Internal Revenue Code to increase from $20,000 to $75,000 in 1980 (with inflation adjustments in 1981 and thereafter) the earned income exclusion for U.S. citizens working abroad who are bona fide residents of a foreign country. Repeals the requirement that, as a condition of their employment, such individuals reside in a hardship area. Reduces from 17 to 11 months the residency requirement for such exclusion. Waives such requirement if the Secretary of the Treasury determines that such individuals were required to leave a foreign country because of war, civil unrest, or other adverse conditions before the end of the 11 month period, and that they would have otherwise met such residency requirement.

Provides for an income tax exclusion for the value of employer-provided lodging in a camp in cases where satisfactory housing is not generally available.

Reduces from 17 to 11 months the foreign residency requirement with respect to the deduction for certain housing expenses of living abroad.