HR 17137 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer.

Introduced 1974-10-08· Sponsored by Rep. Wampler, William C. [R-VA-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-10-08)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954.…

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