H.R.199

To amend the Internal Revenue Code of 1986 to exclude from gross income certain interest amounts received by individuals.

1/6/2009--Introduced.

Simple Savings Tax Relief Act of 2009 - 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 2010.

View comments | (Close Window)