H.R. 16121 — A bill to amend the Internal Revenue Code of 1954 to allow a credit against the tax imposed on interest on savings.

Summary

Allows an income tax credit under the Internal Revenue Code of an amount equal to the interest on savings received during the taxable year. Limits such tax credit to $250.

Full Text

Related Legislation

H.R. 16463A bill to amend the Internal Revenue Code of 1954 to allow a credit against the tax imposed on interest on savings.
1974-08-19Referred to House Committee on Ways and Means.
Related

Legislative Actions

1974-07-25
Introduced in House
1974-07-25
Introduced in House
1974-07-25
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to allow a credit against the tax imposed on interest on savings.

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill