A bill to amend the Internal Revenue Code of 1954 to permit a deduction based upon the cost of living in certain States in determining adjusted gross income.

1/1
Status In Committee
Sponsor Ted Stevens
Citation 96-S-698
Actions 2
Introduced Mar 21st, 1979
Cosponsors
Last Action Mar 21st, 1979
Policy Area
✓
Introduced Senate Mar 21
Senate
House
President
Enacted

Summary

AI Guide

What this bill does

Loading AI analysis…

Amends the Internal Revenue Code to allow nonitemizing taxpayers an income tax deduction for that portion of the taxpayer's personal service income which is equal to the amount by which cost of living increases in the State in which such taxpayer resides exceed national cost of living increases for the calendar year.

Actions

2
Senate
INTRODUCED
INTRODUCED
Mar 21, 1979
ON FLOOR
REFERRED TO COMMITTEE
Font size
View Markdown

No Bill Text yet Available

Text for this piece of legislation has not yet been uploaded — check back in a few days.