S 3837 · 93th Congress · Interest

A bill to exclude from the gross income of certain individuals the first $750 of interest received from savings account deposits.

Introduced 1974-07-30· Sponsored by Sen. Gravel, Mike [D-AK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1974-07-30)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes, for income tax purposes, from the gross income of individuals earning a gross income of less than $20,000 per year, the first $750 of interest or dividends received from savings account deposits.…

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