HR 473 · 96th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in banks and certain other savings institutions.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1979-01-15)
Plain Language Summary
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Amends the Internal Revenue Code to exclude from gross income up to $800 ($1,600 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Republicans