HR 11420 · 93th Congress · Taxation

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

Introduced 1973-11-13· Sponsored by Rep. Forsythe, Edwin B. [R-NJ-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-11-13)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income, under the Internal Revenue Code, the first $1,000 of interest received from savings account deposits in home lending institutions.…

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