HR 2216 · 94th Congress · Finance and Financial Sector

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in banks and certain other savings institutions.

Introduced 1975-01-28· Sponsored by Rep. Holt, Marjorie S. [R-MD-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income under the Internal Revenue Code the first $800 of interest ($1,600 in the case of married individuals filing a joint return) on deposits in banks and savings institutions.…

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