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H.R. 734 — Small Savers Act of 1979 | PoliFocus

H.R. 73496th Congress

Small Savers Act of 1979

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer.

Sponsors

Rep. Rousselot, John H. [R-CA-26]

7 cosponsors

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. 4931Small Savers Act of 1979
1979-07-24Referred to House Committee on Ways and Means.
Related
H.R. 6158Small Savers Act of 1979
1979-12-17Referred to House Committee on Ways and Means.
Related

Legislative Actions

1979-01-15
Introduced in House
1979-01-15
Introduced in House
1979-01-15
Referred to House Committee on Ways and Means.

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