A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.

Summary

Excludes from gross income under the Internal Revenue Code the first $500 of interest on savings in the case of an individual taxpayer in a bank, savings and loan association, credit union, or similar thrift institution.

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

Timeline

1. 5 February 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 5 February 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 February 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 · 5 February 1975

  Open at official source

Sponsors

• Rep. Patterson, Jerry M. [D-CA-38] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.