United States · Bill · S
S. 2591 (96th)
A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain amounts attributable to inflation.
Introduced
22 April 1980
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
14 June 2021
Summary
Amends the Internal Revenue Code to allow a tax deduction for the inflation adjustment amount of all the earned interest and all the increase in the personal service income of a taxpayer which does not exceed the percentage change in the Consumer Price Index for the taxable year. Includes among deductible amounts interest on savings accounts, corporate indebtedness, and government bonds.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 22 April 1980
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2591
- Open data entity: https://api.congress.gov/v3/bill/96/s/2591