[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6082 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6082

 To amend the Internal Revenue Code of 1986 to allow an exemption from 
    tax for individuals with gross income of not more than $50,000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            August 10, 2010

 Mr. Stupak (for himself and Mr. Kagen) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to allow an exemption from 
    tax for individuals with gross income of not more than $50,000.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. $50,000 EXEMPTION FOR CERTAIN INDIVIDUALS OVER AGE 65.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 is amended by inserting before section 
140 the following new section:

``SEC. 139E. $50,000 EXEMPTION FOR INDIVIDUALS OVER AGE 65.

    ``(a) In General.--Gross income of an eligible individual shall be 
treated as zero for purposes of this chapter.
    ``(b) Eligible Individual.--For purposes of this section, the term 
`eligible individual' means any individual--
            ``(1) who (and if married, such taxpayer's spouse) has 
        attained the age of 65, and
            ``(2) whose gross income (determined without regard to this 
        section) is not more than $50,000.''.
    (b) Conforming Amendment.--The table of sections for part III of 
subchapter B of chapter 1 of such Code is amended by inserting before 
the item relating to section 140 the following new item:

``Sec. 139E. $50,000 exemption for individuals over age 65.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
                                 <all>