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

Summary

Provides an exclusion from gross income under the Internal Revenue Code of up to $750 ($1500 if an individual and his spouse file jointly) of interest on deposits in banks, credit unions, and other savings institutions.

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

Timeline

1. 28 January 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 28 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 January 1975

   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 · 28 January 1975

  Open at official source

Sponsors

• Rep. Bauman, Robert E. [R-MD-1] · R · Sponsor
• · hswm00 · Standing

Related records

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