Amends the Internal Revenue Code to exclude from gross income, interest income or dividends earned on a savings account in a bank, savings and loan association, or credit union. Limits the amount of such exclusion to $500 for a dependent of a taxpayer, $600 for a head of household, and $1,200 for individuals filing a joint return.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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