HR 5281 · 96th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to exempt interest on certain savings from Federal income tax.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1979-09-14)
Plain Language Summary
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Amends the Internal Revenue Code to exclude from gross income up to $100 of the interest earned on savings accounts in financial institutions which are authorized to make residential home mortgage loans, home rehabilitation loans, home improvement loans, or home energy loans.…
Summarized by Claude AI · Non-partisan · For informational purposes only