FAIR Act
USA117th CongressHR-3068| House
| Updated: 5/7/2021
Abigail Davis Spanberger
Democratic Representative
Virginia
Cosponsors (1)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Freeing Americans from Interest on Reimbursements Act or the FAIR Act This bill excludes from gross income, for income tax purposes, any interest allowed and paid upon a tax refund amount.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Income tax exclusionInterest, dividends, interest ratesTax administration and collection, taxpayers
FAIR Act
USA117th CongressHR-3068| House
| Updated: 5/7/2021
Freeing Americans from Interest on Reimbursements Act or the FAIR Act This bill excludes from gross income, for income tax purposes, any interest allowed and paid upon a tax refund amount.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Abigail Davis Spanberger
Democratic Representative
Virginia
Cosponsors (1)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Income tax exclusionInterest, dividends, interest ratesTax administration and collection, taxpayers