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United States · Bill · S

S. 1995 (94th)

Inflation Adjustment Act

referredUnited States· United States Congress· EN

Introduced

23 June 1975

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

2 September 2025

Summary

Inflation Adjustment Act - Provides, under the Internal Revenue Code, for an inflation adjustment based on the percentage difference in the price index for an inflation year and the price index for the base period (October 1973 - September 1974), in the rates of tax, the standard and personal exemption deductions, and the income tax collected at the source. Requires that the adjustment in effect for calendar year 1978 shall remain in effect.

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Documents

1 official file

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