HR 9131 · 95th Congress · Income tax

Tax Reduction Act

Introduced 1977-09-15· Sponsored by Rep. Regula, Ralph [R-OH-16]· 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.(1977-09-15)

Plain Language Summary

[AI summary unavailable — showing source text] Tax Reduction Act - Reduces the individual income tax rates. Increases the maximum general tax credit. Allows a limited income tax exclusion for interest earned on withdrawable accounts and securities. Increases the amounts allowed for personal exemptions to $1,000.…

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