H.R. 621 — A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.

Summary

Excludes from gross income under the Internal Revenue Code amounts received as interest from deposits in savings and loan institutions up to $500 per year ($1000 in the case of a married couple filing a joint return).

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Related Legislation

H.R. 338A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.
1975-01-14Referred to House Committee on Ways and Means.
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Legislative Actions

1975-01-14
Introduced in House
1975-01-14
Introduced in House
1975-01-14
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions.

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