United States · Bill · S
S. 1021 (96th)
A bill to amend the Internal Revenue Code of 1954 to provide holders of certain governmental obligations a taxable bond option and credit.
Introduced
26 April 1979
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to permit an individual who holds government bonds an election to include interest earned from such bonds in his gross income. Allows such individual a nonrefundable (refundable, in the case of tax-exempt charitable and educational organizations and pension and profit-sharing trusts) income tax credit equal to 67 percent of the interest earned on such bonds for a taxable year.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 26 April 1979
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/1021
- Open data entity: https://api.congress.gov/v3/bill/96/s/1021