PoliticalRepoPoliticalRepo

United States · Bill · S

S. 1642 (97th)

Small Savers Incentive Act

openUnited States· United States Congress· EN

Introduced

18 September 1981

Last action

22 September 1981 · Committee

Status

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

Sponsors

Sen. Heinz, John [R-PA], Sen. D'Amato, Alfonse [R-NY]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Summary

Small Savers Incentive Act - Amends the Internal Revenue Code, as amended by the Economic Recovery Tax Act of 1981, to exclude $200 ($400 for joint returns) of annual interest income from gross income in taxable years beginning after 1982 and ending before 1985.

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

Timeline

  1. 18 September 1981

    Introduced

    Read second time and referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 18 September 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 22 September 1981

    Committee

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.