H.R. 221 · 109th Congress
Simple Savings Tax Relief Act of 2005
- Stage
- In committee
- Sponsor
- Cliff Stearns
- Introduced
- 2005-01-04
- Latest action
- 2005-01-04 · Introduced in House
Summary
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.