Skip to main content
S 1 97th Congress Senate

Tax Equalization Act

Official title: A bill to amend the Internal Revenue Code of 1954 to provide for cost-of-living adjustments in the individual tax rates and in the amount of personal exemptions.

Introduced: January 19, 1981 See on congress.gov
Taxation Cost of living adjustmentsEconomics and Public FinanceIncome taxIndexing (Economic policy)
More subjectsShow fewer subjects
InflationPersonal income taxTax exemptionTax rates
Sign in to write a letter Sign in to watch
This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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
Jan 5, 1981
Read second time and referred to Senate Committee on Finance.
Jan 5, 1981
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action January 5, 1981

Read second time and referred to Senate Committee on Finance.

 Plain-English summary Congressional Research Service

Tax Equalization Act - Amends the Internal Revenue Code to require annual cost of living adjustments to personal income tax brackets and the personal exemption.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jan 19, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1: Tax Equalization Act. 97th Congress. Open America. https://openamerica.io/bill/97-S-1/
MLA
"S. 1: Tax Equalization Act." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-S-1/.
Bluebook (legal)
S. 1, 97th Cong. (2026), https://openamerica.io/bill/97-S-1/.
Markdown link
[S. 1: Tax Equalization Act](https://openamerica.io/bill/97-S-1/)
Report a problem