HR 14306 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude $1,000 of interest from savings from the gross income of certain taxpayers.

Introduced 1978-10-12· Sponsored by Rep. Weiss, Ted [D-NY-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-10-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income interest earned on savings deposits. Limits such exclusion to $1,000 per taxpayer with a dollar per dollar reduction in the exclusion for taxpayers with income in excess of specified levels.…

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