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H.R. 971

BillFederalHouseIn Committee
Small Savers Relief Act of 2003
About This Bill
Committee
Latest Action · February 27, 2003
Referred to the House Committee on Ways and Means.
Congress
108th (2003–2005)
Introduced
February 27, 2003
Cosponsors (0)
None
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Summary

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Small Savers Relief Act of 2003 - Amends the Internal Revenue Code to exclude up to $100 ($200 for joint filers) of interest earned by individuals from gross income.Provides special rules for: (1) distributions from trusts, regulated investment companies, and real estate investment trusts; and (2) nonresident alien eligibility for such exclusion.Increases the threshold for reporting interest paid from $10 to $100.

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