S. 3372 · 110th Congress
Saver's Bonus Act of 2007
- Stage
- In committee
- Sponsor
- Bob Menendez
- Introduced
- 2008-07-31
- Latest action
- 2008-07-31 · Introduced in Senate
Summary
Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to: (1) match deposits made by low-income individuals into certain savings accounts (saver's bonus); (2) deposit tax refunds electronically into savings accounts; and (3) allow individual taxpayers to purchase U.S. savings bonds on their federal income tax returns.
Requires the Commissioner of the Internal Revenue Service (IRS) to notify low-income taxpayers of their eligibility for the saver's bonus and of their options under this Act.