S 2471 · 105th Congress · Taxation

Savings Advancement and Enhancement (SAVE) Act of 1998

Introduced 1998-09-15· Sponsored by Sen. Coverdell, Paul [R-GA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1998-09-15)

Plain Language Summary

[AI summary unavailable — showing source text] Savings Advancement and Enhancement (SAVE) Act of 1998 - Amends the Internal Revenue Code to exclude from individual gross income up to $250 ($500 for joint filers) of the sum of dividends from domestic corporations or interest. Sets forth related provisions with respect to: (1) distributions from regulated investment companies and real estate investment trusts; and (2) nonresident aliens.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Torricelli, Robert G. [D-NJ]NJ