H.R. 5281 — A bill to amend the Internal Revenue Code of 1954 to exempt interest on certain savings from Federal income tax.

Summary

Amends the Internal Revenue Code to exclude from gross income up to $100 of the interest earned on savings accounts in financial institutions which are authorized to make residential home mortgage loans, home rehabilitation loans, home improvement loans, or home energy loans.

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Legislative Actions

1979-09-14
Introduced in House
1979-09-14
Introduced in House
1979-09-14
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to exempt interest on certain savings from Federal income tax.

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Summary

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