HR 4711 · 96th Congress · Taxation

American Savers Incentive Act of 1979

Introduced 1979-07-10· Sponsored by Rep. Crane, Philip M. [R-IL-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-07-10)

Plain Language Summary

[AI summary unavailable — showing source text] American Savers Incentive Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 of the interest earned on a savings account at a bank, savings and loan association, credit union, or similar thrift institution.…

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