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United States · Bill · HR

H.R. 2923 (97th)

Savings and Thrift Act of 1981

openUnited States· United States Congress· EN

Introduced

31 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 and Thrift Act of 1981 - Amends the Internal Revenue Code to exclude from gross income the interest earned on savings accounts in banks, savings and loan associations, or credit unions. Limits such exclusion to an amount which, in combination with other interest and dividend exclusions, does not exceed $1,000 ($2,000 for joint returns).

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1 official file

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