HR 15649
94th Congress
House
Taxation
Capital gains tax
Cost of living
Income tax
Tax deductions
Tax exemption
Tax rates
Cost-of-Living Adjustment Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 1976
Referred to House Committee on Ways and Means.
Sep 21, 1976
Introduced in House
Plain-English summary
Cost-of-living Adjustment Act - Provides, under the Internal Revenue Code, for automatic cost-of-living adjustments, based on the Consumer Price Index, in: (1) the income tax rates; (2) the amount of standard deductions; (3) the amount of personal exemptions; (4) the amount of depreciation deductions; and (5) the adjusted basis for property. Makes cost-of-living adjustments in specified United States savings bonds and certificates and on other obligations of the United States.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1