HR 6793 · 96th Congress · Taxation

Small Savers Interest Exclusion Act of 1980

Introduced 1980-03-12· Sponsored by Rep. Carney, William [R-NY-1]· 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.(1980-03-12)

Plain Language Summary

[AI summary unavailable — showing source text] Small Savers' Interest Exclusion Act of 1980 - Amends the Internal Revenue Code to exclude from the gross income of individual taxpayers up to $1,000 ($2,000 for joint returns) of dividends or interest income earned on a deposit in a domestic savings and loan association, bank, credit union, or similar thrift institution.…

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