A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which are excluded from gross income, and to make such exclusion permanent.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase to $1,500 ($2,500 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross income. Provides an unlimited tax exclusion for individuals who are over 65.…