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United States · Bill · S

S. 133 (94th)

A bill to amend the Internal Revenue Code of 1954 to permit a deduction from gross income based upon the cost of living in certain States.

referredUnited States· United States Congress· EN

Introduced

15 January 1975

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Permits a deduction from gross income under the Internal Revenue Code in the amount of the product of the percentage increase in the cost of living in a State for the taxable year multiplied by the amount of personal exemptions to which the taxpayer is entitled. States that this deduction shall not apply to amounts received as pay and allowances by employees of the Federal Government.

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Documents

1 official file

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Sources

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