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.

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.

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

Timeline

1. 15 April 1980

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 15 April 1980

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 15 April 1980

  Open at official source

Sponsors

• Sen. Nelson, Gaylord [D-WI] · D · Sponsor
• Sen. Durkin, John A. [D-NH] · D · Cosponsor
• Sen. Stewart, Donald [D-AL] · D · Cosponsor
• Sen. Boren, David L. [D-OK] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → 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.