HR 1316 · 94th Congress · Taxation

A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions.

Introduced 1975-01-14· Sponsored by Rep. Johnson, Albert W. [R-PA-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-01-14)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income, under the Internal Revenue Code, the first $1,000 of interest received from savings account deposits in home lending institutions.…

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