HR 2291 · 94th Congress · Finance and Financial Sector

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

Introduced 1975-01-28· Sponsored by Rep. Bauman, Robert E. [R-MD-1]· House

Bill Progress

✓
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] Provides an exclusion from gross income under the Internal Revenue Code of up to $750 ($1500 if an individual and his spouse file jointly) of interest on deposits in banks, credit unions, and other savings institutions.…

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