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.

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.

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

Timeline

1. 6 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

2. 6 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 May 1977

   Introduced

   Referred to House Committee on Ways and Means.

   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 · 6 May 1977

  Open at official source

Sponsors

• Rep. Martin, James G. [R-NC-9] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend section 501 (c) of the Internal Revenue Code of 1954.