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- H.R.971
H.R.971: Small Savers Relief Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Feb. 27, 2003
- Latest Major Action Feb. 27, 2003
Bill Sponsor
Bill Summary
Small Savers Relief Act of 2003 - Amends the Internal Revenue Code to exclude up to $100 ($200 for joint filers) of interest earned by individuals from gross income.Provides special rules for: (1) distributions from trusts, regulated investment companies, and real estate investment trusts; and (2) nonresident alien eligibility for such exclusion.Increases the threshold for reporting interest paid from $10 to $100.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Feb. 27, 2003 |
Introduced in the House by Spencer Bachus (R-Ala.) |