A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer.

Summary

Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954.

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

Timeline

1. 9 October 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 9 October 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 October 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 · 9 October 1974

  Open at official source

Sponsors

• Rep. Rousselot, John H. [R-CA-26] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer.