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HR 4742 97th Congress Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment…

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A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.

Introduced: October 14, 1981 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
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APA
U.S. Congress. (2026). H.R. 4742: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4742/
MLA
"H.R. 4742: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4742/.
Bluebook (legal)
H.R. 4742, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4742/.
Markdown link
[H.R. 4742: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.](https://openamerica.io/bill/97-HR-4742/)
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