A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest paid or accrued on a deposit or account in a bank or other savings institution to the extend that the amount of such interest does not exceed the amount of interest which would have been paid or accrued on such deposit or account if the rate of interest on such deposit or account had been the inflation rate.

Summary

Excludes from gross income, under the Internal Revenue Code, the interest paid or accrued on a deposit or account in a bank or other savings institution to the extent that the amount of such interest does not exceed the amount of interest which would have been paid or accrued on such deposit or account if the rate of interest on such deposit or account had been the inflation rate.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 11 October 1974

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.