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United States · Bill · S

S. 43 (98th)

A bill to advance by one year the inflation adjustments to tax tables and to raise the personal exemptions to $2,000.

openUnited States· United States Congress· EN

Introduced

26 January 1983

Last action

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to advance from 1985 to 1984 the effective date for inflation adjustments to the tax tables. Increases the personal tax exemption amount from $1,000 to $2,000. Increases the zero-bracket amount for each filing category. Increases minimum income levels for tax return filing requirements. Provides for inflation adjustments for the personal tax exemption amount, the zero-bracket amount, and minimum return requirements, beginning in 1985.

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Documents

1 official file

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Sources

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