HR 4037 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in certain savings institutions.

Introduced 1979-05-10· Sponsored by Rep. Fish, Hamilton, Jr. [R-NY-25]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $2,500 of interest earned on savings accounts in a bank, savings and loan association, or credit union.…

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