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The Internal Revenue Code of 1954 was enacted in the form of a separate code by act of August 16, 1954, ch. 736, 68A Stat. 1. The Tax Reform Act of 1986 [2] changed the name of the 1954 Code to the "Internal Revenue Code of 1986". In addition to being published in various volumes of the United States Statutes at Large, the Internal Revenue Code ...
The amendment was to a bill in the 83rd Congress, H.R. 8300, which was enacted into law as the Internal Revenue Code of 1954. The amendment was proposed by Senator Lyndon B. Johnson of Texas on July 2, 1954. The amendment was agreed to without any discussion or debate and was included in Internal Revenue Code of 1954 (Aug. 16, 1954, ch. 736). [10]
Section 2(a) of the Act also officially changed the name of the Internal Revenue Code from the Internal Revenue Code of 1954 to the Internal Revenue Code of 1986. Although the Act made numerous amendments to the 1954 Code, it was not a re-enactment or a substantial re-codification or reorganization of the overall structure of the 1954 Code.
P.L. 83-517 Enacted 07/22/1954 Revised Organic Act of the Virgin Islands P.L. 83-591 Enacted 08/16/54 Internal Revenue Code of 1954 P.L. 83-703 Enacted 08/30/1954 Atomic Energy Act of 1954
With the enactment of the Internal Revenue Code of 1954, [15] the levies imposed on both local and long-distance calls (for messages costing more than 24 cents) were reduced from 15 percent to 10 percent.
The Internal Revenue Code, which Stephen King declares is “the scariest thing he has ever read," has three major elements that address and acknowledge the value of added and/or advanced ...
The modern equivalent was enacted on August 16, 1954, as section 7421(a) of the Internal Revenue Code of 1954 (now the 1986 Code). [1] Analysis.
Section 151 of the Internal Revenue Code was enacted in August 1954, and provided for deductions equal to the "personal exemption" amount in computing taxable income. The exemption was intended to insulate from taxation the minimal amount of income someone would need receive to live at a subsistence level (i.e., enough income for food, clothes, shelter, etc.).