A bill to protect funds invested in series E U.S. savings bonds from inflation and to encourage persons to provide for their own security.

Summary

Provides, under the Internal Revenue Code, that gross income does not include the interest received on the redemption of any series E United States savings bonds where the purchasing power of the aggregate of such interest and the price paid for such bond is less than the purchasing power of the price paid for such bond. (Amends 26 U.S.C. 121)

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

Timeline

1. 29 January 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 29 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 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 · 29 January 1975

  Open at official source

Sponsors

• Rep. Whitten, Jamie L. [D-MS-1] · D · Sponsor
• · hswm00 · Standing

Related records

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