A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest each individual may exclude from gross income to $1,000 in the case of individuals under age 62 and to $4,000 in the case of individuals age 62 or older, and to make such exclusion permanent.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of interest and dividend income which may be excluded from gross income to $1,000 for individuals under age 62 and to $4,000 for individuals over age 62. Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for such exclusion.…