HR 16753 · 93th Congress · Taxation

A bill to exclude from gross income the first $1,000 of interest received on savings deposits.

Introduced 1974-09-19· Sponsored by Rep. Litton, Jerry [D-MO-6]· 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.(1974-09-19)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income, under the Internal Revenue Code, the first $1,000 of interest or dividends received on savings deposits in an insured bank, savings institution, or credit union.…

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