HR 16994 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.

Introduced 1974-10-02· Sponsored by Rep. Brotzman, Donald G. [R-CO-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Reported to House from the Committee on Ways and Means, H. Rept. 93-1500.(1974-11-26)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions.…

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

Cosponsors (2)

1 Democrat1 Republican
Rep. Clancy, Donald D. [R-OH-2]
Rep. Mills, Wilbur D. [D-AR-2]