S 1607 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide a minimum interest and dividend exclusion of $200 for each individual.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-09-14)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Crude Oil Windfall Profit Tax Act of 1980, as amended by the Economic Recovery Tax Act of 1981, to repeal the termination date for the partial tax exclusion of dividends and interest. Increases the amount of such exclusion.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
7 Democrats13 Republicans