House Bill 1318 House Bill 1318 ARCHIVE (2003) Latest Information DIGEST OF INTRODUCED BILL Elimination of taxation of savings accounts. Eliminates state and local income taxes on interest paid by financial institutions on savings accounts and certificates of deposits held by individuals. Current Status:In Committee - first House Latest Printing (PDF) Action ListIntroduced Bill (PDF) Fiscal Impact Statement(s): >1(PDF) House Committee Reports House Amendments Senate Committee Reports Senate Amendments Conference Committee Reports