About the bill
- Full Title
To amend the Internal Revenue Code of 1986 to allow individuals an exclusion from gross income for certain amounts of unearned income.
- What is a bill?
The “H.R.” in “H.R. 3042” means this is a House of Representatives bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
The bill’s title was written by its sponsor.
2 cosponsors (1R, 1D) (show)
- Committee Assignments
The committee chair determines whether a bill will move past the committee stage.
There have been no votes related to this bill.
- Subject Areas
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Links & tools
Click a format for a citation suggestion:
Civic Impulse. (2015). H.R. 3042 — 104th Congress: Tax-Free Savings and Investment Income Act. Retrieved from https://www.govtrack.us/congress/bills/104/hr3042
“H.R. 3042 — 104th Congress: Tax-Free Savings and Investment Income Act.” www.GovTrack.us. 1996. May 25, 2015 <https://www.govtrack.us/congress/bills/104/hr3042>
|title=H.R. 3042 (104th)
|accessdate=May 25, 2015
|author=104th Congress (1996)
|date=March 7, 1996
|quote=Tax-Free Savings and Investment Income Act