S 2560 · 96th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from taxation of interest earned on deposits which are used for residential mortgage lending purposes.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1980-04-15)
Plain Language Summary
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Amends the Internal Revenue Code to exclude from gross income interest or dividends earned on savings deposits which are used by the deposit institution for residential mortgage lending purposes.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats