US SB2478 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 2 2016 - 25% progression, died in committee
Action: 2016-02-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2016 - 25% progression, died in committee
Action: 2016-02-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2016 This bill directs the Department of the Treasury to allow: (1) an individual taxpayer to use a portion or all of a tax refund to purchase U.S. savings bonds in paper form for the taxpayer or for any individual designated by the taxpayer; or (2) an option for a tax return that allows for the gifting of such bonds and that serves individuals who rarely, if ever, have held a bank account and individuals who lack access to the Internet.
Title
SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2016
Sponsors
Sen. Patty Murray [D-WA] | Sen. Susan Collins [R-ME] | Sen. Jerry Moran [R-KS] | Sen. Claire McCaskill [D-MO] |
Sen. Angus King [I-ME] | Sen. Barbara Mikulski [D-MD] | Sen. Tammy Baldwin [D-WI] |
History
Date | Chamber | Action |
---|---|---|
2016-02-02 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1652 (Related) 2015-03-26 - Referred to the House Committee on Ways and Means.
Subjects
Financial services and investments
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local taxation
Tax administration and collection, taxpayers
Taxation
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local taxation
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2478/all-info |
Text | https://www.congress.gov/114/bills/s2478/BILLS-114s2478is.pdf |