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United States · Bill · HR

H.R. 2333 (96th)

A bill to amend the Internal Revenue Code of 1954 to provide that the use of the zero bracket amount will not reduce the benefits of income averaging.

referredUnited States· United States Congress· EN

Introduced

22 February 1979

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code, with regard to income averaging, to reduce the base period income of an individual by the zero bracket amount. Specifies a new formula for computing the tax on averageable income, taking such reduction of base period income into consideration.

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Documents

1 official file

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Sources

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