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United States · Bill · S

S. 1627 (98th)

A bill to amend section (1)(f)(3) of the Internal Revenue Code and for other purposes.

openUnited States· United States Congress· EN

Introduced

15 July 1983

Last action

19 July 1983 · Committee

Status

Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.

Sponsors

Sen. Danforth, John C. [R-MO], Sen. Boren, David L. [D-OK], Sen. Wallop, Malcolm [R-WY], Sen. Nickles, Don [R-OK], Sen. Nunn, Sam [D-GA], Sen. Pressler, Larry [R-SD], Sen. Rudman, Warren [R-NH]

Subjects

Taxation

Source updated

29 June 2021

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide that the amount by which individual income tax rates will be adjusted annually shall be the Consumer Price Index minus three percentage points. Provides for such adjustment during calendar years 1985 through 1988. Provides that for FY 1985 through 1988 the cost of living adjustments for the following Federal programs will be determined by using the Consumer Price Index minus three percentage points: (1) old age, survivors and disability benefits; (2) armed services retirement and retainer pay; (3) retired pay and retainer pay of members and former members of the Coast Guard; (4) retired pay of commissioned officers of the National Oceanic and Atmospheric Administration or the Public Health Service; (5) civil service retirement benefits; (6) foreign service retirement benefits; (7) Central Intelligence Agency retirement benefits; (8) Federal workers' compensation; and (9) veterans' dependency and indemnity compensation.

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

Timeline

  1. 15 July 1983

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 15 July 1983

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 19 July 1983

    Committee

    Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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