United States · Bill · HR
H.R. 17649 (93rd)
Cost-of-Living Adjustment Act
Introduced
17 December 1974
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 September 2025
Summary
Cost of Living Adjustment Act - Provides a tax credit, under the Internal Revenue Code, the amount of which shall be the amount of income tax payable by a taxpayer multiplied by the percentage increase in the Consumer Price Index for the taxable year over that of the previous taxable year. Provides that the amount of the deduction for personal exemptions, the low income allowance, and the standard deduction are increased by the percentage by which the Consumer Price Index exceeds that of the previous taxable year.
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Documents
1 official file
Introduced in House
summary · EN · 17 December 1974
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/house-bill/17649
- Open data entity: https://api.congress.gov/v3/bill/93/hr/17649