HR 2552 · 96th Congress · Taxation

A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions.

Introduced 1979-03-01· Sponsored by Rep. Kemp, Jack [R-NY-38]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $1,000 of interest income earned on savings accounts in home lending institutions.…

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

Cosponsors (3)

3 Republicans