A bill to amend the Internal Revenue Code of 1954 to make additional interest from savings eligible for exclusion.
Savings and Investment Incentive Act of 1981 - Amends the Internal Revenue Code to increase the amount of interest and dividend income which may be excluded from gross income to $200 ($400 for joint returns) plus a specified percentage of the income above such limits, not to exceed $50,000.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
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