A bill to amend the Internal Revenue Code of 1954 to increase to $2,500 the amount of interest which may be excluded from gross income, and to make such exclusion permanent.

Amends the Internal Revenue Code to increase to $2,500 the amount of interest which may be excluded from gross income.

Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for the tax exclusion of interest and dividend income.