A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $5,000 of interest on savings in the case of an individual taxpayer.
Small Savers' Act of 1981 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 of interest income earned on savings accounts.
Became Public Law No: 97-34.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4242.
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