HR 2830 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from the gross income of each individual up to $750 of interest.

Introduced 1983-04-28· Sponsored by Rep. Martin, Lynn M. [R-IL-16]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-04-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from taxation up to $750 ($1,500 for joint returns) of interest income. Repeals provisions of the Economic Recovery Tax Act of 1981 relating to the partial exclusion of interest income.…

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

Cosponsors (18)

6 Democrats11 Republicans1 Independent
Rep. Nielson, Howard C. [R-UT-3]UT
Rep. Dreier, David [R-CA-33]CA
Rep. Duncan, John J. [R-TN-2]TN
Rep. Kindness, Thomas N. [R-OH-8]OH
Resident Commissioner Corrada, Baltasar [I-PR-At Large]PR
Rep. Stokes, Louis [D-OH-21]OH
Rep. Kemp, Jack [R-NY-31]NY
Rep. Owens, Major R. [D-NY-12]NY
Rep. Hutto, Earl [D-FL-1]FL
Rep. Livingston, Bob [R-LA-1]LA
Rep. Goodling, William F. [R-PA-19]PA
Rep. Badham, Robert E. [R-CA-40]CA
Rep. Daniel, W. C. (Dan) [D-VA-5]VA
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI
Rep. Rudd, Eldon D. [R-AZ-4]AZ
Rep. Bedell, Berkley W. [D-IA-6]IA
Rep. Hyde, Henry J. [R-IL-6]IL
Rep. Hertel, Dennis M. [D-MI-14]MI