HR 15778 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the standard deduction from 15 percent to 20 percent, and to increase the maximum allowable amount of such deduction from $2,000 to $2,500.

Introduced 1974-07-02· Sponsored by Rep. Ruppe, Philip E. [R-MI-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-07-02)

Plain Language Summary

[AI summary unavailable — showing source text] Increases under the Internal Revenue Code the standard deduction from 15 percent to 20 percent, and increases the maximum allowable amount of such deduction from $2,000 to $2,500.…

Summarized by Claude AI · Non-partisan · For informational purposes only