Summary: H.R.5430 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.5430. Bill summaries are authored by CRS.

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Introduced in House (03/25/1975)

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.