HR 11923 · 95th Congress · Income tax

Inflation Adjustment Tax Act

Introduced 1978-04-06· Sponsored by Rep. Archer, Bill [R-TX-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-04-06)

Plain Language Summary

[AI summary unavailable — showing source text] Inflation Adjustment Tax 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 personal exemptions; (3) the amount of depreciation deductions; (4) the adjusted basis for property; and (5) the corporate surtax exemption.…

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