A bill to amend the Internal Revenue Code of 1954 to increase to $10,000 the amount of savings interest which may be excluded from gross income by individuals and to make such exclusion permanent.

Introduced

5 January 1981

Last action

4 August 1981 · Committee

Status

See H.R.4242.

Sponsors

Rep. Wylie, Chalmers P. [R-OH-15], Rep. Collins, James M. [R-TX-3], Rep. Johnston, Eugene (Gene) [R-NC-6], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Lloyd, Marilyn [D-TN-3], Rep. Pepper, Claude [D-FL-18], Rep. Murphy, Austin J. [D-PA-20], Rep. Hansen, James V. [R-UT-1], Rep. Hinson, Jon C. [R-MS-4], Rep. Pritchard, Joel [R-WA-1], Rep. Price, Melvin [D-IL-21], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Kindness, Thomas N. [R-OH-8], Rep. Dannemeyer, William E. [R-CA-39], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Mottl, Ronald M. [D-OH-23], Rep. Derwinski, Edward J. [R-IL-4], Rep. McDade, Joseph M. [R-PA-10], Rep. Guyer, Tennyson [R-OH-4], Sen. Lott, Trent [R-MS], Rep. Badham, Robert E. [R-CA-40], Rep. Roe, Robert A. [D-NJ-8], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Carman, Gregory W. [R-NY-3], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Brown, Clarence, Jr. [R-OH-7], Rep. Applegate, Douglas [D-OH-18], Rep. Gingrich, Newt [R-GA-6], Rep. Weber, Vin [R-MN-2], Rep. Atkinson, Eugene V. [D-PA-25], Rep. Mitchell, Donald J. [R-NY-31], Rep. Moorhead, Carlos J. [R-CA-22], Rep. Martin, Lynn M. [R-IL-16], Rep. McCollum, Bill [R-FL-8], Rep. Burgener, Clair W. [R-CA-43], Rep. Jeffries, Jim [R-KS-2], Rep. Coyne, James K. [R-PA-8]

Subjects

Taxation

Source updated

7 February 2024