S 138 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to revise the provisions relating to property exempt from seizure for collection of taxes.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-01-15)
Plain Language Summary
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Revises the provisions of the Internal Revenue Code of 1954 relating to property exempt from seizure for collection of taxes to provide an exemption from levy for a specific amount of income based on the number of the taxpayer's dependents. Provides for an annual cost of living increase in such exemption.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Republicans