HR 621 · 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.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1975-01-14)
Plain Language Summary
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Excludes from gross income under the Internal Revenue Code amounts received as interest from deposits in savings and loan institutions up to $500 per year ($1000 in the case of a married couple filing a joint return).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (12)
10 Democrats2 Republicans