HR 17098 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow a credit against the tax imposed on interest on savings.

Introduced 1974-10-07· Sponsored by Rep. Heckler, Margaret M. [R-MA-10]· 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.(1974-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Allows an income tax credit of up to $1000, under the Internal Revenue Code, for dividends or interest on savings accounts in banks, savings and loan associations, and credit unions.…

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