A bill to exclude from gross income the first $1,000 of interest on deposits in savings institutions.

Summary

Provides, under the Internal Revenue Code, that the first $1,000 of dividends on interest received by, or credited to the account of, an individual on deposits or withdrawable accounts in a savings institution shall be excluded from gross income.

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

Timeline

1. 30 September 1974

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 30 September 1974

   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 · 30 September 1974

  Open at official source

Sponsors

• Sen. Fannin, Paul J. [R-AZ] · R · Sponsor
• Sen. Stennis, John C. [D-MS] · D · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to exclude from gross income the first $1,000 of interest on deposits in savings institutions.