A bill to amend the Internal Revenue Code of 1954 to provide for a $250 exclusion from gross income of interest and dividends received by an individual.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to require the exclusion from the gross income of an individual up to $250 ($500 in the case of a joint return) of the aggregate amount of dividends received from domestic corporations and interest or dividends on savings deposits or withdrawable savings accounts from a bank, a mutual savings bank, a savings and loan institution, or a credit union.…