HR 16701 · 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 1974-09-17· Sponsored by Rep. Rogers, Paul G. [D-FL-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-09-17)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income, under the Internal Revenue Code, the first $750 of interest received from savings account deposits in banks and savings institutions which have at least 75 percent of such deposits in specified investments, including loans for residential building purposes.…

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