United States · Bill · S
S. 2737 (94th)
Fair Income Tax Act
Introduced
4 December 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Fair Income Tax Act - Authorizes an automatic annual cost-of-living adjustment in the income tax rates based upon fluctuations in the price index. Provides for the adjustment of the standard deduction authorized under the Internal Revenue Code based upon such cost-of-living calculation and for adjustment of the personal exemptions. Makes the provisions of this Act applicable to taxable years beginning after December 31, 1975.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 4 December 1975
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/2737
- Open data entity: https://api.congress.gov/v3/bill/94/s/2737