H.R. 228 · 110th Congress
Simple Savings Tax Relief Act of 2007
- Stage
- In committee
- Sponsor
- Cliff Stearns
- Introduced
- 2007-01-04
- Latest action
- 2007-01-05 · Sponsor introductory remarks on measure.
Summary
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.