S 347 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.

Introduced 1975-01-23· Sponsored by Sen. Scott, William Lloyd [R-VA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income under the Internal Revenue Code up to $500 of interest on savings in a savings or thrift institution in the case of an individual taxpayer.…

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