United States · Bill · HR
H.R. 3050 (99th)
American Passbook Savings Act of 1985
Introduced
18 July 1985
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
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.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 18 July 1985
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/3050
- Open data entity: https://api.congress.gov/v3/bill/99/hr/3050