S 330 · 97th Congress · Taxation

A bill entitled the "Investment Income Incentive Act of 1981".

Introduced 1981-01-29· Sponsored by Sen. Durenberger, Dave [R-MN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read second time and referred to Senate Committee on Finance.(1981-01-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the partial exclusion of dividends and interest income from the gross income of an individual from $250 to $1,250 (from $500 to $2,500 for a married couple filing a joint return) by increments of $250 ($500 for a married couple filing a joint return) over the five year period from 1981 through 1985. Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for the partial exclusion of dividends and interest from gross income.…

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

Cosponsors (2)

2 Democrats