A bill to amend the Internal Revenue Code of 1954 to provide for the adjustment of the individual income tax tables, the standard deduction, and the personal exemption deduction when necessary to reflect inflation.
Inflation Adjustment Act - Provides for the adjustment of the individual income tax tables, the standard deduction, and the personal exemption deduction each year according to the Consumer Price Index.
Introduced in Senate
Referred to Senate Committee on Finance.
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