A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on certain deposits in banks and certain other savings institutions.

Summary

Allows an income tax exclusion of $1,000 ($2,000 if a joint return if filed) from gross income, under the Internal Revenue Code, for interest on deposits in banks, savings institutions and credit unions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 September 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 September 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 September 1974

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 23 September 1974

  Open at official source

Sponsors

• Rep. Pepper, Claude [D-FL-14] · D · Sponsor
• · hswm00 · Standing

Related records

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