H.R.1048: Direct Deposit Savings Act of 2005

About This Bill

  • This bill was introduced in the 109th Congress
  • This bill is primarily about taxation
  • Introduced March 2, 2005
  • Latest Major Action March 2, 2005

Bill Summary

Direct Deposit Savings Act of 2005 - Amends the Internal Revenue Code to permit taxpayers to direct that any overpayment of taxes be: (1) refunded in part by check, draft, or similar paper instrument; (2) allocated in part among not more than four accounts; and (3) deposited by electronic fund transfer in the accounts to which allocated.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
March 2, 2005

Introduced in the House by Rahm Emanuel (D-Ill.)

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