H.R. 14738 — Cost-of-Living Adjustment Act

Cost-of-Living Adjustment Act

A bill to amend the Internal Revenue Code of 1954 and certain other provisions of law to provide for automatic cost-of-living adjustments in the income tax rates, the amount of the standard, personal exemption, and depreciation deductions, and the rate of interest payable on certain obligations of the United States.

Summary

Cost-of-living Adjustment 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 standard deductions; (3) the amount of personal exemptions; (4) the amount of depreciation deductions; and (5) the adjusted basis for property. Makes cost-of- living adjustments in specified United States savings bonds and certificates and on other obligations of the United States.

Related Legislation

H.R. 14763Cost-of-Living Adjustment Act

1974-05-14Referred to House Committee on Ways and Means.

H.R. 14790Cost-of-Living Adjustment Act

1974-05-14Referred to House Committee on Ways and Means.

H.R. 14844Cost-of-Living Adjustment Act

1974-05-16Referred to House Committee on Ways and Means.

H.R. 14976Cost-of-Living Adjustment Act

1974-05-22Referred to House Committee on Ways and Means.

H.R. 14982Cost-of-Living Adjustment Act

1974-05-22Referred to House Committee on Ways and Means.

H.R. 15045Cost-of-Living Adjustment Act