S 4054 · 93th Congress · Taxation
A bill to exclude from gross income the first $1,000 of interest on deposits in savings institutions.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1974-09-30)
Plain Language Summary
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Provides, under the Internal Revenue Code, that the first $1,000 of dividends on interest received by, or credited to the account of, an individual on deposits or withdrawable accounts in a savings institution shall be excluded from gross income.…
Summarized by Claude AI · Non-partisan · For informational purposes only