HR 16840 · 93th Congress · Taxation

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

Introduced 1974-09-24· Sponsored by Rep. Patman, Wright [D-TX-1]· 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.(1974-09-24)

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 on deposits in savings institutions.…

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