H.R. 170 · 112th Congress
Simple Savings Tax Relief Act of 2011
- Stage
- In committee
- Sponsor
- Cliff Stearns
- Introduced
- 2011-01-05
- Latest action
- 2011-01-05 · Introduced in House
Summary
Simple Savings Tax Relief Act of 2011 - 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 2012.