A bill to amend the Internal Revenue Code of 1954 to revise the provisions relating to property exempt from seizure for collection of taxes.

Summary

Revises the provisions of the Internal Revenue Code of 1954 relating to property exempt from seizure for collection of taxes to provide an exemption from levy for a specific amount of income based on the number of the taxpayer's dependents. Provides for an annual cost of living increase in such exemption.

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

Timeline

1. 15 January 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 15 January 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 15 January 1975

  Open at official source

Sponsors

• Sen. Montoya, Joseph M. [D-NM] · D · Sponsor
• Sen. Hatfield, Mark O. [R-OR] · R · Cosponsor
• Sen. Javits, Jacob K. [R-NY] · R · Cosponsor
• Sen. Goldwater, Barry [R-AZ] · R · Cosponsor
• Sen. Laxalt, Paul D. [R-NV] · R · Cosponsor
• · ssfi00 · Standing

Related records

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