A bill to amend the Internal Revenue Code of 1954 to permit adjustment of the zero bracket amount and the amount of the exemptions allowed by section 151 for residents of States for which the Director of the Office of Management and Budget has adjusted the level of the official poverty line to a level greater than the prevailing level in most States.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to authorize an increase in the zero bracket amount and the amount of the personal exemptions allowed for residents of States for which the Director of the Office of Management and Budget has determined the level of the official poverty line to be 15 percent or more than the average level for all States.…