HR 3292 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the first $500 of interest or dividends on savings deposits or withdrawable accounts in savings and loans associations, banks, credit unions, and other thrift institutions.

Introduced 1975-02-19· Sponsored by Rep. Bowen, David R. [D-MS-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-19)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income under the Internal Revenue Code the first $500 of interest received in each taxable year on savings deposits in savings and loan institutions.…

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