S 1969 · 95th Congress · Income tax

Simpliform Tax Act

Introduced 1977-08-01· Sponsored by Sen. Hatfield, Mark O. [R-OR]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1977-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] Simpliform Tax Act - Amends the Internal Revenue Code to repeal and/or restrict specified tax credits, deductions, exclusions and other items of tax preference relating to the individual income tax. Lowers individual income tax rates. Taxes gains on appreciated property passing by gratuitous transfer as though the property was sold by the transferor.…

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