Cost-of-Living Adjustment Act

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 rates; (2) the corporate surtax exemption; (3) the standard deduction; (4) personal income tax exemptions; (5) depreciation allowances; (6) the adjusted basis of capital assets for purposes of computing capital gain or loss; and (7) interest on government savings bonds and certificates.

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Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1981

  Open at official source

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