HR 17195 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.

Introduced 1974-10-09· Sponsored by Rep. Derwinski, Edward J. [R-IL-4]· 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.(1974-10-09)

Plain Language Summary

[AI summary unavailable — showing source text] Allows an income tax exclusion, under the Internal Revenue Code, of up to $500 ($1000 if a joint return if filed) for interest on deposits in banks, savings and loan associations, credit unions, and other savings institutions.…

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