HR 196 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.

Introduced 1975-01-14· Sponsored by Rep. Clausen, Don H. [R-CA-2]· 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] Provides individuals an exclusion from gross income under the Internal Revenue Code of up to $1,000 of interest earned on deposits in savings institutions.…

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