HR 3489 · 94th Congress · Taxation
Small Savers' Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1975-02-20)
Plain Language Summary
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Small Savers' Act - Excludes from gross income, under the Internal Revenue Code, amounts received as dividends or interest on deposits or withdrawable accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution. Limits the exclusion allowed under this Act to $500 for any person for any taxable year.…
Summarized by Claude AI · Non-partisan · For informational purposes only