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H.R. 221

BillFederalHouseIn Committee
Simple Savings Tax Relief Act of 2005
About This Bill
Committee
Latest Action · January 4, 2005
Referred to the House Committee on Ways and Means.
Congress
109th (2005–2007)
Introduced
January 4, 2005
Cosponsors (0)
None
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Summary

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Simple Savings Tax Relief Act of 2005 - Amends the Internal Revenue Code to exclude from gross income up to $400 (twice such amount on a joint return) of interest income annually. Provides for an inflation adjustment to such amount.

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