HR 3925 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exclude interest from the gross income of individuals to the extent that the principal amount on which the interest is earned does not exceed $50,000.

Introduced 1991-11-25· Sponsored by Rep. Lipinski, William O. [D-IL-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-11-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income qualified interest to the extent that the principal amount on which the interest is earned does not exceed $50,000.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Jefferson, William J. [D-LA-2]LA