A bill to amend the Internal Revenue Code of 1954 to provide that the use of the zero bracket amount will not reduce the benefits of income averaging.

referredUnited States· United States Congress· EN

Introduced

21 March 1978

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to provide that the zero bracket amount shall be subtracted from an individual's taxable income when using income averaging in order to tax the averaged income in the same manner and to the same extent it was taxed when the standard deduction was used in tax computations.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 21 March 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/2776
Open data entity: https://api.congress.gov/v3/bill/95/s/2776