A bill to amend the Internal Revenue Code of 1954 to allow individuals a tax credit of $250 for each personal exemption, and to repeal the deduction for personal exemptions.
Personal Exemption Credit Act - Amends the Internal Revenue Code to replace the individual income tax deductions for personal exemptions with $250 tax credits.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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