HR 5678
98th Congress
House
Taxation
Finance and Financial Sector
Income tax
Interest
Savings accounts
Tax exclusion
American Passbook Savings Act of 1984
Introduced: May 17, 1984
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 1984
Referred to House Committee on Ways and Means.
May 17, 1984
Introduced in House
Plain-English summary
American Passbook Savings Act of 1984 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 ($10,000 for joint returns) of the interest earned on a passbook savings account.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1