HR 965 · 97th Congress · Taxation

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

Introduced 1981-01-20· Sponsored by Rep. Guyer, Tennyson [R-OH-4]· 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 $1,000 ($1,800 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions.…

Summarized by Claude AI · Non-partisan · For informational purposes only