A bill to amend the Internal Revenue Code of 1954 to provide for a $250 exclusion from gross income of interest and dividends received by an individual.

referredUnited States· United States Congress· EN

Introduced

1 October 1979

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to require the exclusion from the gross income of an individual up to $250 ($500 in the case of a joint return) of the aggregate amount of dividends received from domestic corporations and interest or dividends on savings deposits or withdrawable savings accounts from a bank, a mutual savings bank, a savings and loan institution, or a credit union.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 1 October 1979
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/senate-bill/1846
Open data entity: https://api.congress.gov/v3/bill/96/s/1846