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United States · Bill · S

S. 4094 (93rd)

A bill to provide a tax credit or an exclusion from gross income for certain interest on savings received by individuals.

referredUnited States· United States Congress· EN

Introduced

7 October 1974

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Allows, under the Internal Revenue Code, a tax credit of one-third or up to $260 for interest on savings received from a financial institution; or allows a tax exclusion of up to $1000 for dividends or interest on savings deposits or withdrawable savings received by individuals whose tax rate is 49 percent or less.

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Documents

1 official file

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Sources

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