HR 678 · 95th Congress · Taxation

Small Savers' Act

Introduced 1977-01-04· Sponsored by Rep. Rousselot, John H. [R-CA-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Small Savers' Act - Amends the Internal Revenue Code to exclude from gross income interest paid or accrued by the taxpayer on savings deposits. Limits such exclusion to $1,000 per individual.…

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

Cosponsors (1)

1 Republican
Rep. Moorhead, Carlos J. [R-CA-22]