H.R. 2064 · 108th Congress
Displaced Worker Assistance Act of 2003
- Stage
- In committee
- Sponsor
- Chris Smith
- Introduced
- 2003-05-09
- Latest action
- 2003-05-09 · Introduced in House
Summary
Displaced Worker Assistance Act of 2003 - Amends the Internal Revenue Code to exclude from gross income qualified severance payments of up to $15,000 with respect to any employment separation reduced by the aggregate of prior excluded amounts. Limits exclusions to payments received in the year of separation or in one of the two succeeding taxable years.