HR 1419 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.

Introduced 1981-01-28· Sponsored by Rep. Minish, Joseph G. [D-NJ-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.4242.(1981-08-04)

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