Sen. Stevens, Ted [R-AK] (Introduced 02/01/1973)
Summary: S.728 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (02/01/1973)
Permits a tax deduction, under the Internal Revenue Code of 1954 from gross income based upon the cost of living in the taxpayer's State, provided such taxpayer is not a federal employee. Allows as a tax deduction a percentage of the total amount of the personal exemptions to which the taxpayer is entitled equal to the percentage by which the cost of living in the State in which he resides exceeds the average cost of living in the United States for that year, as determined by the Secretary of the Treasury or his delegate. (Amends 26 U.S.C. 218)
Summary: S.728 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (02/01/1973)
Permits a tax deduction, under the Internal Revenue Code of 1954 from gross income based upon the cost of living in the taxpayer's State, provided such taxpayer is not a federal employee. Allows as a tax deduction a percentage of the total amount of the personal exemptions to which the taxpayer is entitled equal to the percentage by which the cost of living in the State in which he resides exceeds the average cost of living in the United States for that year, as determined by the Secretary of the Treasury or his delegate. (Amends 26 U.S.C. 218)
Summary: S.728 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (02/01/1973)
Permits a tax deduction, under the Internal Revenue Code of 1954 from gross income based upon the cost of living in the taxpayer's State, provided such taxpayer is not a federal employee. Allows as a tax deduction a percentage of the total amount of the personal exemptions to which the taxpayer is entitled equal to the percentage by which the cost of living in the State in which he resides exceeds the average cost of living in the United States for that year, as determined by the Secretary of the Treasury or his delegate. (Amends 26 U.S.C. 218)
Summary: S.728 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (02/01/1973)
Permits a tax deduction, under the Internal Revenue Code of 1954 from gross income based upon the cost of living in the taxpayer's State, provided such taxpayer is not a federal employee. Allows as a tax deduction a percentage of the total amount of the personal exemptions to which the taxpayer is entitled equal to the percentage by which the cost of living in the State in which he resides exceeds the average cost of living in the United States for that year, as determined by the Secretary of the Treasury or his delegate. (Amends 26 U.S.C. 218)
