HR 5524 · 96th Congress · Taxation

Small Savers Protection Tax Act of 1979

Introduced 1979-10-10· Sponsored by Rep. Byron, Beverly B. [D-MD-6]· 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.(1979-10-10)

Plain Language Summary

[AI summary unavailable — showing source text] Small Savers Protection Tax Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $250 ($500 for married individuals filing jointly) of the interest earned on a savings account in a bank, savings association, or credit union.…

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