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United States · Bill · HR

H.R. 621 (94th)

A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.

referredUnited States· United States Congress· EN

Introduced

14 January 1975

Last action

14 January 1975 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Long, Clarence D. [D-MD-2], Rep. Koch, Edward I. [D-NY-18], Rep. Yates, Sidney R. [D-IL-9], Sen. Riegle, Donald W., Jr. [D-MI], Rep. Eilberg, Joshua [D-PA-4], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Guyer, Tennyson [R-OH-4], Rep. Ketchum, William M. [R-CA-18], Rep. Wilson, Charles [D-TX-2], Rep. Abzug, Bella S. [D-NY-20], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Casey, Bob [D-TX-22], Rep. Alexander, Bill [D-AR-1]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Summary

Excludes from gross income under the Internal Revenue Code amounts received as interest from deposits in savings and loan institutions up to $500 per year ($1000 in the case of a married couple filing a joint return).

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

Timeline

  1. 14 January 1975

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 14 January 1975

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 January 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

Leesvertaling

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Sponsors

Related records

Sources

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