H.R.147: Layoff Tax Relief Act of 2001

About This Bill

Bill Summary

Layoff Tax Relief Act of 2001 - Amends the Internal Revenue Code to exclude from gross income up to $2,500 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $150,000.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 3, 2001

Introduced in the House by Bill Pascrell Jr. (D-N.J.)

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