A bill to amend the Internal Revenue Code of 1954 to exclude from gross income a certain amount of interest earned on the All Savers Certificate offered only at savings institutions.

Introduced

21 May 1981

Last action

23 June 1981 · Committee

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

Sen. Danforth, John C. [R-MO], Sen. Pryor, David H. [D-AR], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Melcher, John [D-MT], Sen. Huddleston, Walter (Dee) [D-KY], Sen. Mitchell, George J. [D-ME], Sen. Matsunaga, Spark M. [D-HI], Sen. DeConcini, Dennis [D-AZ], Sen. Chiles, Lawton [D-FL], Sen. Dixon, Alan J. [D-IL], Sen. Jepsen, Roger W. [R-IA], Sen. Ford, Wendell H. [D-KY], Sen. Boren, David L. [D-OK], Sen. Sarbanes, Paul S. [D-MD], Sen. Baucus, Max [D-MT], Sen. Randolph, Jennings [D-WV], Sen. Lugar, Richard G. [R-IN], Sen. Baker, Howard H., Jr. [R-TN], Sen. Heinz, John [R-PA], Sen. Garn, E. J. (Jake) [R-UT], Sen. Andrews, Mark [R-ND], Sen. Quayle, Dan [R-IN], Sen. D'Amato, Alfonse [R-NY], Sen. Mattingly, Mack [R-GA], Sen. Boschwitz, Rudy [R-MN], Sen. Warner, John [R-VA], Sen. Nunn, Sam [D-GA], Sen. Thurmond, Strom [R-SC], Sen. Williams, Harrison A., Jr. [D-NJ], Sen. Johnston, J. Bennett [D-LA], Sen. Packwood, Bob [R-OR], Sen. Heflin, Howell [D-AL], Sen. Sasser, Jim [D-TN], Sen. Tsongas, Paul E. [D-MA], Sen. Wallop, Malcolm [R-WY], Sen. Burdick, Quentin N. [D-ND], Sen. Cannon, Howard W. [D-NV], Sen. Hollings, Ernest F. [D-SC], Sen. McClure, James A. [R-ID], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Domenici, Pete V. [R-NM], Sen. Symms, Steven D. [R-ID], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Cochran, Thad [R-MS], Sen. Abdnor, James [R-SD], Sen. Eagleton, Thomas F. [D-MO], Sen. Glenn, John H., Jr. [D-OH], Sen. Metzenbaum, Howard M. [D-OH]

Subjects

Taxation

Source updated

3 January 2025