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United States · Bill · HR

H.R. 785 (96th)

A bill to amend the Internal Revenue Code of 1954 to partially exclude interest from savings from the gross income of certain taxpayers.

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

15 January 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Weiss, Ted [D-NY-17], Rep. Roe, Robert A. [D-NJ-8], Rep. Richmond, Frederick W. [D-NY-14], Rep. Conyers, John, Jr. [D-MI-13], Rep. Mitchell, Parren J. [D-MD-7], Rep. Addabbo, Joseph P. [D-NY-6], Rep. Thompson, Frank, Jr. [D-NJ-4], Rep. Rahall, Nick J., II [D-WV-3], Rep. Collins, Cardiss [D-IL-7], Rep. Holtzman, Elizabeth [D-NY-16], Rep. Walker, Robert S. [R-PA-16], Rep. Wyatt, Joe, Jr. [D-TX-14], Rep. Mineta, Norman Y. [D-CA-15], Rep. Lloyd, Marilyn [D-TN-3], Rep. Bonior, David E. [D-MI-10], Rep. Kildee, Dale E. [D-MI-5], Sen. Markey, Edward J. [D-MA], Rep. Dornan, Robert K. [R-CA-46], Sen. Mikulski, Barbara A. [D-MD], Rep. Panetta, Leon [D-CA-16], Rep. Jones, Walter B. [D-NC-1], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Jenrette, John W., Jr. [D-SC-6], Rep. Horton, Frank J. [R-NY-29], Rep. Guyer, Tennyson [R-OH-4], Rep. Murphy, Austin J. [D-PA-20], Rep. Stark, Fortney Pete [D-CA-13], Rep. Patterson, Jerry M. [D-CA-38], Rep. Stokes, Louis [D-OH-11], Rep. Cleveland, James C. [R-NH-2], Rep. Lederer, Raymond F. [D-PA-3], Rep. Ottinger, Richard L. [D-NY-20], Rep. Bedell, Berkley W. [D-IA-6], Rep. Pepper, Claude [D-FL-18], Rep. Weaver, James H. [D-OR-4], Rep. Stewart, Bennett McVey [D-IL-1], Rep. Frost, Martin [D-TX-24], Rep. Seiberling, John F. [D-OH-14], Rep. Myers, Michael O. [D-PA-1], Rep. Wolpe, Howard E. [D-MI-3], Rep. Maguire, Andrew [D-NJ-7], Sen. Harkin, Tom [D-IA], Rep. Mattox, James A. [D-TX-5]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exclude from gross income up to $1,000 ($1,500 for joint returns, $750 for married individuals filing separately) of the interest earned from savings accounts. Reduces the amount of such exclusion, dollar for dollar, by the amount the taxpayer's adjusted gross income exceeds $10,000 ($15,000 for joint returns, $7,500 for married individuals filing separately).

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

Timeline

  1. 15 January 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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