HR 17113 · 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 1974-10-07· Sponsored by Rep. Wydler, John W. [R-NY-5]· House

Bill Progress

✓
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] 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