A bill to amend the Internal Revenue Code of 1954 to provide that certain bond interest received by individuals 65 or over shall be excluded from gross income.

Summary

Excludes from gross income, under the Internal Revenue Code, any amounts received as interest or accrued on any United States Government Series E Savings Bond by an individual taxpayer of 65 years or over if he has held the bond for not less than 5 years. Provides that if a Series E Savings Bond is held jointly by husband and wife, both husband and wife shall be treated as satisfying the ages and holding requirements of the Code. (Amends 56 U.S.C. 154)

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

Timeline

1. 20 March 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 20 March 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 March 1973

   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 · 20 March 1973

  Open at official source

Sponsors

• Rep. Clark, Frank M. [D-PA-25] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.