A bill to amend the Internal Revenue Code of 1954 to increase personal exemptions after 1974 by an amount based on annual variations in the Consumer Price Index.

referredUnited States· United States Congress· EN

Introduced

14 January 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides for an adjustment of the personal exemption under the Internal Revenue Code for each taxable year in an amount equal to the product of $750 multiplied by the percentage which the Consumer Price Index for September of the preceding calendar year is of such Index for September, 1973.

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Documents

1 official file

Introduced in House
summary · EN · 14 January 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/913
Open data entity: https://api.congress.gov/v3/bill/94/hr/913