S 734 · 95th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from taxation of a limited amount of interest on savings.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1977-02-11)
Plain Language Summary
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Amends the Internal Revenue Code to exclude from gross income the first $100 ($200 for persons filing joint returns) earned as interest on savings deposits in financial institutions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (17)
17 Republicans