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United States · Bill · HR

H.R. 618 (96th)

Cost-of-Living Adjustment Act

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Cost-of-Living Adjustment Act - Amends the Internal Revenue Code to require annual cost-of-living adjustments, based on the Consumer Price Index, to: (1) individual income tax brackets; (2) the corporate surtax exemption; (3) the $1,000 personal exemption; (4) depreciation deductions; and (5) the adjusted basis of property for purposes of determining capital gains. Amends the Second Liberty Bond Act to require cost-of-living adjustments to interest rates on savings bonds and certificates issued pursuant to such Act and on certain other obligations of the United States.

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Documents

1 official file

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