S 3707 · 93th Congress · Taxation
A bill to provide a tax credit incentive for increased savings.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1974-06-27)
Plain Language Summary
[AI summary unavailable — showing source text]
Allows an income tax credit under the Internal Revenue Code equal to the amount by which an individual's interest on savings exceeds that of the previous year. Limits such tax credit to $100 per taxable year.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
2 Democrats1 Republican