HR 1005
97th Congress
House
Taxation
Finance and Financial Sector
Housing and Housing Finance
Housing finance
Income tax
Interest
Mortgage banks
Mortgages
Savings accounts
Tax exclusion
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.
Introduced: January 22, 1981
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 22, 1981
Referred to House Committee on Ways and Means.
Jan 22, 1981
Introduced in House
Plain-English 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.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1