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United States · Bill · HR

H.R. 3050 (99th)

American Passbook Savings Act of 1985

referredUnited States· United States Congress· EN

Introduced

18 July 1985

Last action

18 July 1985 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Wright, James C., Jr. [D-TX-12], Sen. Lott, Trent [R-MS], Rep. Ackerman, Gary L. [D-NY-5], Rep. Bates, Jim [D-CA-44], Rep. Biaggi, Mario [D-NY-19], Sen. Breaux, John B. [D-LA], Rep. Byron, Beverly B. [D-MD-6], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Crockett, George W., Jr. [D-MI-13], Rep. Dannemeyer, William E. [R-CA-39], Sen. DeWine, Mike [R-OH], Rep. Dowdy, Wayne [D-MS-4], Rep. Eckart, Dennis E. [D-OH-11], Rep. Hall, Ralph M. [R-TX-4], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Kindness, Thomas N. [R-OH-8], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Lloyd, Marilyn [D-TN-3], Rep. McKernan, John R., Jr. [R-ME-1], Rep. Mrazek, Robert J. [D-NY-3], Rep. Nichols, Bill [D-AL-3], Rep. Nielson, Howard C. [R-UT-3], Rep. Nowak, Henry [D-NY-33], Rep. Rahall, Nick J., II [D-WV-3], Sen. Reid, Harry [D-NV], Rep. Roemer, Buddy [D-LA-4], Rep. Rose, Charlie [D-NC-7], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Stenholm, Charles W. [D-TX-17], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Tauke, Thomas Joseph [R-IA-2], Rep. Thomas, Lindsay [D-GA-1], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Wilson, Charles [D-TX-2], Sen. Wyden, Ron [D-OR], Rep. Young, Don [R-AK-At Large], Rep. Coleman, Ronald D. [D-TX-16], Rep. Richardson, Bill [D-NM-3], Rep. Boggs, Corinne C. (Lindy) [D-LA-2], Rep. Weber, Vin [R-MN-2], Rep. Andrews, Michael [D-TX-25], Rep. Hutto, Earl [D-FL-1], Rep. Ortiz, Solomon P. [D-TX-27], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Stump, Bob [R-AZ-3]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Summary

American Passbook Savings Act of 1985 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 ($10,000 in the case of a joint return) of interest earned on a savings account maintained in a bank, savings and loan, or similar institution.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 July 1985

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 18 July 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 July 1985

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Related records

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Sources

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