Revenue and Expenditure Control Act of 1968
Long title | An Act to increase revenues, to limit expenditures and new obligational authority, and for other purposes. |
---|---|
Enacted by | the 90th United States Congress |
Effective | June 28, 1968 |
Citations | |
Public law | 90-364 |
Statutes at Large | 82 Stat. 251 |
Codification | |
Titles amended | 26 U.S.C.: Internal Revenue Code |
U.S.C. sections amended | I.R.C. ch. 1 §§ 101-110, 201-205, 301-303 |
Legislative history | |
|
The United States Revenue and Expenditure Control Act of 1968 created a temporary 10 percent income tax surcharge on both individuals and corporations through June 30, 1969.
It also delayed the scheduled reduction in the telephone and automobile excise taxes.
This article is issued from Wikipedia - version of the Wednesday, August 05, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.