H.R. 155 — A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest and dividends on deposits in savings institutions.

Summary

Amends the Internal Revenue Code to exclude from gross income up to $2,000 ($3,600 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions.

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Related Legislation

H.R. 4242Economic Recovery Tax Act of 1981
1981-08-13Became Public Law No: 97-34.
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Legislative Actions

1981-01-05
Introduced in House
1981-01-05
Introduced in House
1981-01-05
Referred to House Committee on Ways and Means.
1981-08-04
See H.R.4242.

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

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