HOUSE 3068117th CongressReferred to the House Committee on Ways and Means.

FAIR Act

Last Action: 5/7/2021

Actions

2021-05-07Referred to the House Committee on Ways and Means.
2021-05-07Introduced in House
2021-05-07Introduced in House

CRS Summary

As of 2021-05-07 (00)

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.

Cosponsors (1)

Rodney Davis (R-IL)

Subjects

Income tax exclusion
Interest, dividends, interest rates
Tax administration and collection, taxpayers

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