HR 10312 · 93th Congress · Taxation

A bill to exclude from gross income the first $750 of interest received from savings account deposits in home lending institutions.

Introduced 1973-09-17· Sponsored by Rep. Thone, Charles [R-NE-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-09-17)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that gross income for income tax purposes does not include amounts received by, or credited to the account of, a taxpayer as dividends or interest on deposits or withdrawable accounts in a savings institution. Limits such tax exclusion to $750.…

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