H.R. 6173 — A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on deposits in certain savings institutions.

Summary

Amends the Internal Revenue Code to exclude from gross income up to $500 ($1,000 for married individuals filing jointly) of the interest earned on savings accounts in a bank, savings and loan association, or credit union.

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Related Legislation

H.R. 5193A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in certain savings institutions.
1979-09-06Referred to House Committee on Ways and Means.
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Legislative Actions

1979-12-18
Introduced in House
1979-12-18
Introduced in House
1979-12-18
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on deposits in certain savings institutions.

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