547

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Amendment Number
547
Purpose
To amend the Internal Revenue Code of 1954 to provide that no tax shall be withheld from payments of interest paid on passbook savings and similar accounts or paid by small credit unions and to eliminate withholding on interest and dividends after 3 years if compliance does not improve.
Congress
98
Type
SAMDT
Submitted Date
Apr 15, 1983
Chamber
Senate
Update Date
Apr 1, 2018
Amendment 547 — Informed