A bill to amend the Internal Revenue Code of 1954 to exempt from taxation certain associations providing reserve funds for and insuring the deposits in savings and loan associations and credit unions.

referredUnited States· United States Congress· EN

Introduced

6 May 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase the number of mutual deposit guaranty funds qualifying as tax exempt organizations and to allow such organizations to provide reserve funds for, and insure deposits in both savings and loan associations and credit unions.

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Documents

1 official file

Introduced in House
summary · EN · 6 May 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/6989
Open data entity: https://api.congress.gov/v3/bill/95/hr/6989