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 titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Louisiana's 4th congressional district. Democrat.
Last Updated: Mar 7, 1996
Length: 3 pages
Mar 7, 1996
104th Congress, 1995–1996
Died in a previous Congress
This bill was introduced on March 7, 1996, in a previous session of Congress, but was not enacted.
Mar 7, 1996
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 3042 (104th) was a 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.
This bill was introduced in the 104th Congress, which met from Jan 4, 1995 to Oct 4, 1996. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
Civic Impulse. (2018). 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 27, 2018 <https://www.govtrack.us/congress/bills/104/hr3042>
|title=H.R. 3042 (104th)
|accessdate=May 27, 2018
|author=104th Congress (1996)
|date=March 7, 1996
|quote=Tax-Free Savings and Investment Income Act
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