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.
The bill’s title was written by its sponsor.
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Mar 7, 1996
This is the first step in the legislative process.
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This is a House of Representatives bill in the United States Congress (indicated by the “H.R.” in “H.R. 3042”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
2 cosponsors (1R, 1D)
- Committee Assignments
The committee chair determines whether a bill will move past the committee stage.
There have been no roll call votes related to this bill.
Links & tools
Click a format for a citation suggestion:
Civic Impulse. (2016). 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. February 12, 2016 <https://www.govtrack.us/congress/bills/104/hr3042>
|title=H.R. 3042 (104th)
|accessdate=February 12, 2016
|author=104th Congress (1996)
|date=March 7, 1996
|quote=Tax-Free Savings and Investment Income Act