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.
Actions
Jan 5, 2007
Sponsor introductory remarks on measure. (CR E22-23)
Jan 4, 2007
Referred to the House Committee on Ways and Means.