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H.R. 6158 — Small Savers Act of 1979 | PoliFocus

H.R. 615896th Congress

Small Savers Act of 1979

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1000 of interest on savings in the case of an individual taxpayer.

Sponsors

Rep. Hollenbeck, Harold C. [R-NJ-9]

Subjects

Taxation

Summary

Small Savers' Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $1,000 of interest income earned on savings accounts.

Full Text

Related Legislation

H.R. 734Small Savers Act of 1979
1979-01-15Referred to House Committee on Ways and Means.
Related

Legislative Actions

1979-12-17
Introduced in House
1979-12-17
Introduced in House
1979-12-17
Referred to House Committee on Ways and Means.

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