A bill to amend the Internal Revenue Code of 1954 to provide for annual adjustments in the amount of personal exemptions and the amount of the standard deduction to reflect increases in the cost of living.

Summary

Provides, under the Internal Revenue Code, for annual adjustments in the amount of personal exemptions and the amount of the standard deduction and the low-income allowance to reflect increases in the cost of living based on the percentage of annual increase in the consumer Price Index.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 13 June 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 June 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 June 1974

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 13 June 1974

  Open at official source

Sponsors

• Rep. Rarick, John R. [D-LA-6] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide for annual adjustments in the amount of personal exemptions and the amount of the standard deduction to reflect increases in the cost of living.