HR 16636 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $750 of interest on savings in the case of an individual taxpayer.

Introduced 1974-09-12· Sponsored by Rep. Brotzman, Donald G. [R-CO-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-09-12)

Plain Language Summary

[AI summary unavailable — showing source text] Allows an income tax exclusion under the Internal Revenue Code on the interest or dividends received on savings in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer. Limits such tax exclusion to $750.…

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