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HR 15649 94th Congress House

Cost-of-Living Adjustment Act

Official title: A bill to amend the Internal Revenue Code of 1954 and certain provisions of the law to provide for automatic cost-of-living adjustments in the income tax rates… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 and certain provisions of the law to provide for automatic cost-of-living adjustments in the income tax rates, the amount of the standard, personal exemption, and depreciation deductions, and the rate of interest payable on certain obligations of the United States.

Introduced: September 21, 1976 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Taxation Capital gains taxCost of livingIncome taxTax deductions
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Tax exemptionTax rates
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This bill died when the 94th Congress ended
It never became law before the 94th Congress (1975–1976) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action September 21, 1976

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 15649: Cost-of-Living Adjustment Act. 94th Congress. Open America. https://openamerica.io/bill/94-HR-15649/
MLA
"H.R. 15649: Cost-of-Living Adjustment Act." 94th Congress, 2026, Open America, https://openamerica.io/bill/94-HR-15649/.
Bluebook (legal)
H.R. 15649, 94th Cong. (2026), https://openamerica.io/bill/94-HR-15649/.
Markdown link
[H.R. 15649: Cost-of-Living Adjustment Act](https://openamerica.io/bill/94-HR-15649/)
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