United States · Bill · S
S. 3707 (93rd)
A bill to provide a tax credit incentive for increased savings.
Introduced
27 June 1974
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Allows an income tax credit under the Internal Revenue Code equal to the amount by which an individual's interest on savings exceeds that of the previous year. Limits such tax credit to $100 per 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 · 27 June 1974
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3707
- Open data entity: https://api.congress.gov/v3/bill/93/s/3707