A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the first $500 of interest or dividends on savings deposits or withdrawable accounts in savings and loans associations, banks, credit unions, and other thrift institutions.

Summary

Excludes from gross income under the Internal Revenue Code the first $500 of interest received in each taxable year on savings deposits in savings and loan institutions.

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

Timeline

1. 19 February 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 19 February 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 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 · 19 February 1975

  Open at official source

Sponsors

• Rep. Bowen, David R. [D-MS-2] · 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.