HR 16776 · 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 1974-09-19· Sponsored by Rep. Wylie, Chalmers P. [R-OH-15]· House

Bill Progress

✓
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 the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law.…

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