HR 2581 · 97th Congress · Taxation

Small Savers Interest Exclusion Act of 1981

Introduced 1981-03-18· Sponsored by Rep. Carney, William [R-NY-1]· 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] Small Savers' Interest Exclusion Act of 1981 - Amends the Internal Revenue Code to exclude from gross income up to $1,000 ($2,000 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions.…

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