HR 2821 · 94th Congress · Taxation

Automatic Cost-of-living Adjustment Act

Introduced 1975-02-05· Sponsored by Rep. Lent, Norman F. [R-NY-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-05)

Plain Language Summary

[AI summary unavailable — showing source text] Automatic 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.…

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