Simple Savings Tax Relief Act of 2007
Last action on Jan 5, 2007Sponsor introductory remarks on measure. (CR E22-23)
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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.
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