HR 221 · 109th Congress · Taxation

Simple Savings Tax Relief Act of 2005

Introduced 2005-01-04· Sponsored by Rep. Stearns, Cliff [R-FL-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Simple Savings Tax Relief Act of 2005 - Amends the Internal Revenue Code to exclude from gross income up to $400 (twice such amount on a joint return) of interest income annually. Provides for an inflation adjustment to such amount.…

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