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H.R. 228 · 110th Congress

Simple Savings Tax Relief Act of 2007

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

Simple Savings Tax Relief Act of 2007 - 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 exclusion amount beginning after 2008.

What it does: CRS summary · Introduced in House · Jan 4, 2007
Simple Savings Tax Relief Act of 2007 - 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 exclusion amount beginning after 2008.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Simple Savings Tax Relief Act of 2007

Latest action (Jan 5, 2007): Sponsor introductory remarks on measure. (CR E22-23)

Policy area: Taxation · Origin: House · Introduced: Jan 4, 2007

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.