H.R. 16636 — A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $750 of interest on savings in the case of an individual taxpayer.

Summary

Allows an income tax exclusion under the Internal Revenue Code on the interest or dividends received on savings in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer. Limits such tax exclusion to $750.

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Legislative Actions

1974-09-12
Introduced in House
1974-09-12
Introduced in House
1974-09-12
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $750 of interest on savings in the case of an individual taxpayer.

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Summary

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