United States · Bill · S
S. 362 (95th)
A bill to amend the Internal Revenue Code of 1954 to permit a deduction from gross income based upon the cost of living in certain States.
Introduced
19 January 1977
Last action
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Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Amends the Internal Revenue Code to allow individuals an income tax deduction equal to the percentage of their total allowable personal exemptions which equals the percentage by which their State's cost of living exceeds the national average. Disallows application of this deduction to Federal pay and allowances.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 19 January 1977
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/95th-congress/senate-bill/362
- Open data entity: https://api.congress.gov/v3/bill/95/s/362