Cost-of-Living Adjustment Act

Summary

Cost-of-Living Adjustment Act - Provides, under the Internal Revenue Code, for automatic cost-of-living adjustments, based on the Consumer Price Index, in: (1) the income tax rates; (2) the amount of standard deductions; (3) the amount of personal exemptions; (4) the amount of depreciation deductions; and (5) the adjusted basis for property. Makes cost-of-living adjustments in specified United States savings bonds and certificates and on other obligations of the United States.

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

Timeline

1. 2 February 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 2 February 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 1977

   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 · 2 February 1977

  Open at official source

Sponsors

• Rep. Ruppe, Philip E. [R-MI-11] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Cost-of-Living Adjustment Act