HR 3231 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.

Introduced 1979-03-26· Sponsored by Rep. Solomon, Gerald B. H. [R-NY-29]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-03-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $1,250 of interest income earned from a savings account.…

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