HR 11991 · 95th Congress · Taxation

A bill to amend the Internal revenue code of 1954 to provide tax savings incentives for savings accounts established for the purpose of purchasing a home.

Introduced 1978-04-11· Sponsored by Rep. Duncan, John J. [R-TN-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-04-11)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that an individual's allowable charitable contributions shall be deducted when determining the individual's adjusted gross income, thereby allowing the deduction to individuals who do not itemize.…

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