HR 6173 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on deposits in certain savings institutions.

Introduced 1979-12-18· Sponsored by Rep. Rinaldo, Matthew J. [R-NJ-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-12-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $500 ($1,000 for married individuals filing jointly) of the 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