S 373 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income interests on not more than $10,000 of long-term savings deposited with a savings and loan association.

Introduced 1975-01-27· Sponsored by Sen. Scott, Hugh [R-PA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes from gross income under the Internal Revenue Code interest on not more than $10,000 of savings deposited with a savings and loan association for more than 12 months.…

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