HR 5825 · 96th Congress · Taxation

Savings Encouragement Act of 1979

Introduced 1979-11-07· Sponsored by Rep. St Germain, Fernand J. [D-RI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-11-07)

Plain Language Summary

[AI summary unavailable — showing source text] Savings Encouragement Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $100 ($200 for married couples filing jointly) of the interest earned on a savings account in a bank, savings and loan association, credit union, or similar savings institution.…

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