HR 15 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase to $10,000 the amount of savings interest which may be excluded from gross income by individuals and to make such exclusion permanent.

Introduced 1981-01-05· Sponsored by Rep. Wylie, Chalmers P. [R-OH-15]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.4242.(1981-08-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income up to $10,000 interest income earned on savings accounts. Makes such exclusion permanent.…

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

Cosponsors (20)

7 Democrats13 Republicans
Rep. Collins, James M. [R-TX-3]TX
Rep. Johnston, Eugene (Gene) [R-NC-6]NC
Del. Won Pat, Antonio B. [D-GU-At Large]GU
Rep. Lagomarsino, Robert J. [R-CA-19]CA
Rep. Lloyd, Marilyn [D-TN-3]TN
Rep. Pepper, Claude [D-FL-14]FL
Rep. Murphy, Austin J. [D-PA-22]PA
Rep. Hansen, James V. [R-UT-1]UT
Rep. Hinson, Jon C. [R-MS-4]MS
Rep. Pritchard, Joel [R-WA-1]WA
Rep. Price, Melvin [D-IL-23]IL
Rep. Anthony, Beryl, Jr. [D-AR-4]AR
Rep. Kindness, Thomas N. [R-OH-8]OH
Rep. Dannemeyer, William E. [R-CA-39]CA
Rep. Forsythe, Edwin B. [R-NJ-6]NJ
Rep. Mottl, Ronald M. [D-OH-23]OH
Rep. Derwinski, Edward J. [R-IL-4]IL
Rep. McDade, Joseph M. [R-PA-10]PA
Rep. Guyer, Tennyson [R-OH-4]OH
Rep. Lott, Trent [R-MS-5]MS