H.R.1277 - To amend the Internal Revenue Code of 1986 to increase the amount of the exemption for dependent children under age 18 to $3,500, and for other purposes.102nd Congress (1991-1992)
|Sponsor:||Rep. Wolf, Frank R. [R-VA-10] (Introduced 03/05/1991)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/05/1991 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.1277 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (03/05/1991)
Amends the Internal Revenue Code to increase the personal exemption for a dependent child who has not attained age 18 from $2,000 to $3,500.
Provides for rounding inflation adjustments to tax tables to the nearest multiple of $10 (currently rounded to the next lowest multiple of $50).