A bill to amend title 31, United States Code, to require the Secretary of the Treasury to provide for the purchase of paper United States savings bonds with tax refunds.
USA115th CongressS-682| Senate
| Updated: 3/21/2017
Patty Murray
Democratic Senator
Washington
Cosponsors (7)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 or the SAVINGS Act 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Financial services and investmentsIncome tax exclusionInterest, dividends, interest ratesSecuritiesState and local taxationTax administration and collection, taxpayers
A bill to amend title 31, United States Code, to require the Secretary of the Treasury to provide for the purchase of paper United States savings bonds with tax refunds.
USA115th CongressS-682| Senate
| Updated: 3/21/2017
Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 or the SAVINGS Act 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Patty Murray
Democratic Senator
Washington
Cosponsors (7)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Financial services and investmentsIncome tax exclusionInterest, dividends, interest ratesSecuritiesState and local taxationTax administration and collection, taxpayers