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United States · Bill · HR

H.R. 3211 (97th)

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in certain savings institutions.

openUnited States· United States Congress· EN

Introduced

10 April 1981

Last action

—

Status

See H.R.4242.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to exclude from gross income up to $500 ($1,200 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions. Provides that such exclusion shall be limited to $600 for heads of households and $1,200 for individuals entitled to more than one personal exemption.

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Documents

1 official file

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