Summary: H.R.1277 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.1277. Bill summaries are authored by CRS.

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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).