HR 5421 · 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.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1979-09-27)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Internal Revenue Code to exclude from gross income up to $500 of the interest earned on a savings account.…
Summarized by Claude AI · Non-partisan · For informational purposes only