S 3822 · 93th Congress · Interest
A bill to impose a 100-percent tax on interest received at an annual rate in excess of 10 percent.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1974-07-29)
Plain Language Summary
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Imposes a 100 percent tax, under the Internal Revenue Code, on interest received at an annual rate in excess of 10 percent. Excepts small loan companies and revolving credit accounts from such tax.…
Summarized by Claude AI · Non-partisan · For informational purposes only