S.3372 - Saver's Bonus Act of 2007

A bill to promote savings by providing a match for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this match and open a bank account when they file their Federal income tax returns. view all titles (2)

All Bill Titles

  • Short: Saver's Bonus Act of 2007 as introduced.
  • Official: A bill to promote savings by providing a match for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this match and open a bank account when they file their Federal income tax returns. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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07/31/08
 
 
 
 
 
 
 

Official Summary

Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to: (1) match deposits made by low-income individuals into certain savings accounts (saver's bonus); (2) deposit tax refunds electronically into savings accounts; and (3) allow individual t

Official Summary

Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to:
(1) match deposits made by low-income individuals into certain savings accounts (saver's bonus);
(2) deposit tax refunds electronically into savings accounts; and
(3) allow individual taxpayers to purchase U.S. savings bonds on their federal income tax returns. Requires the Commissioner of the Internal Revenue Service (IRS) to notify low-income taxpayers of their eligibility for the saver's bonus and of their options under this Act.

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