United States · Bill · S
S. 1139 (96th)
A bill to amend the Internal Revenue Code of 1954 to provide for the partial exclusion of interest from gross income.
Introduced
15 May 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 exclude from gross income interest earned on a savings account to the extent that the rate of inflation for the calendar year exceeds the current rate of interest on a maximum account of $4,000. Limits such tax exclusion to $100.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 15 May 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/1139
- Open data entity: https://api.congress.gov/v3/bill/96/s/1139