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

Summary

Amends the Internal Revenue Code to exclude from gross income, interest income or dividends earned on a savings account in a bank, savings and loan association, or credit union. Limits the amount of such exclusion to $500 for a dependent of a taxpayer, $600 for a head of household, and $1,200 for individuals filing a joint return.

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

Timeline

1. 12 October 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 12 October 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 October 1979

   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 · 12 October 1979

  Open at official source

Sponsors

• Rep. Brinkley, Jack [D-GA-3] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.