H.R. 3895 — A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from taxation of interest earned on deposits which are used for residential mortgage lending purposes.

Summary

Amends the Internal Revenue Code to exclude from gross income interest or dividends earned on savings deposits which are used by the deposit institutions for residential mortgage lending purposes.

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Related Legislation

H.R. 1005A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from taxation of interest earned on deposits which are used for residential mortgage lending purposes.
1981-01-22Referred to House Committee on Ways and Means.
Related
S. 701A bill to amend the Internal Revenue Act of 1954 to provide for the exclusion from taxation of interest earned on deposits which are used for residential mortgage lending purposes.
1981-03-17Committee on Finance requested executive comment from OMB; Treasury Department.
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Legislative Actions

1981-06-11
Introduced in House
1981-06-11
Introduced in House
1981-06-11
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from taxation of interest earned on deposits which are used for residential mortgage lending purposes.

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