HR 228 · 110th Congress · Taxation

Simple Savings Tax Relief Act of 2007

Introduced 2007-01-04· Sponsored by Rep. Stearns, Cliff [R-FL-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E22-23)(2007-01-05)

Plain Language Summary

[AI summary unavailable — showing source text] Simple Savings Tax Relief Act of 2007 - 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 exclusion amount beginning after 2008.…

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