A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from taxation of interest earned on deposits which are used for residential mortgage lending purposes.

referredUnited States· United States Congress· EN

Introduced

15 April 1980

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to exclude from gross income interest or dividends earned on savings deposits which are used by the deposit institution for residential mortgage lending purposes.

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Documents

1 official file

Introduced in Senate
summary · EN · 15 April 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2560
Open data entity: https://api.congress.gov/v3/bill/96/s/2560