S. 3388 — A bill to amend the Internal Revenue Code of 1954 to exclude from gross income payments made under certain Federal and State cost-sharing programs.

Summary

Amends the Internal Revenue Code to exclude from gross income payments under the rural clean water program of the Federal Water Pollution Control Act and the rural abandoned mine program of the Surface Mining Control and Reclamation Act.

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Legislative Actions

1978-08-09
Introduced in Senate
1978-08-09
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income payments made under certain Federal and State cost-sharing programs.

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Summary

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