S 2100
97th Congress
Senate
Taxation
Cost of living adjustments
Income tax
Indexing (Economic policy)
Personal income tax
Tax rates
Withholding tax
A bill to amend the Internal Revenue Code of 1954 to provide that the indexation of the individual income tax rates shall take effect on January 1, 1982.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 1982
Committee on Finance requested executive comment from OMB; Treasury Department.
Feb 11, 1982
Read twice and referred to the Committee on Finance.
Feb 11, 1982
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code, as amended by the Economic Recovery Tax Act of 1981, to require that annual cost of living adjustments, based on the Consumer Price Index, to the individual income tax rates and the rates of income tax withholding shall take effect in 1982 (presently 1985).
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department.
Committees of jurisdiction
1