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United States · Bill · HR

H.R. 2419 (97th)

Savings Encouragement Act of l981

openUnited States· United States Congress· EN

Introduced

10 March 1981

Last action

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Status

See H.R.4242.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Savings Encouragement Act of 1981 - Amends the Internal Revenue Code to exclude from gross income up to $500 ($1,000 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions.

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Documents

1 official file

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