S. 347 — A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.

Summary

Excludes from gross income under the Internal Revenue Code up to $500 of interest on savings in a savings or thrift institution in the case of an individual taxpayer.

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Related Legislation

H.R. 1090A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.
1975-01-16Referred to House Committee on Ways and Means.
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Legislative Actions

1975-01-23
Introduced in Senate
1975-01-23
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer.

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