HR 4901 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest received by an individual during any taxable year.

Introduced 1979-07-23· Sponsored by Rep. Abdnor, James [R-SD-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-07-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $1,000 of the interest income received by an individual during the taxable year.…

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