H.R.1041: To amend the Internal Revenue Code of 1986 to provide an exclusion for all dividends and interest received by individuals.

About This Bill

Bill Summary

Amends the Internal Revenue Code to exclude from an individual's gross income: (1) dividends received from domestic corporations; and (2) interest.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Feb. 24, 1995

Introduced in the House by Philip M. Crane (R-Ill.)

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