S 155 · 97th Congress · Taxation
Savings and Investment Incentive Act of 1981
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read second time and referred to Senate Committee on Finance.(1981-01-19)
Plain Language Summary
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Savings and Investment Incentive Act of 1981 - Amends the Internal Revenue Code to increase the amount of interest and dividend income which may be excluded from gross income to $200 ($400 for joint returns) plus a specified percentage of the income above such limits, not to exceed $50,000.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
5 Republicans