Tax Reduction and Simplification Act of 1977

Long title	An Act to reduce individual and business income taxes and to provide tax simplification and reform.
Acronyms (colloquial)	TRSA
Nicknames	Intergovernmental Anti-recession Assistance Act
Enacted by	the 95th United States Congress
Effective	May 23, 1977
Citations
Public law	95-30
Statutes at Large	91 Stat. 126
Codification
Titles amended	26 U.S.C.: Internal Revenue Code
Legislative history
Introduced in the House as H.R. 3477 by Al Ullman (D–OR) on February 16, 1977 Committee consideration by House Ways and Means, House Appropriations, Senate Finance Passed the House on March 8, 1977 (282-131, in lieu of H.Res. 360) Passed the Senate on April 29, 1977 (73-7) Reported by the joint conference committee on May 6, 1977; agreed to by the House on May 16, 1977 (252-134) and by the Senate on May 16, 1977 (Agreed) Signed into law by President Jimmy Carter on May 23, 1977

The Tax Reduction and Simplification Act of 1977 was passed by the 95th United States Congress and signed into law by President Jimmy Carter on May 23, 1977.^[1]

It replaced the percentage standard deduction and minimum standard deduction with a single standard deduction of $3,200 (joint returns) and temporarily extended the general tax credit (maximum of $35/capita or 2% of $9,000 income) through 1978.

• Congressional Budget and Impoundment Control Act of 1974

• Carter, Jimmy E. (April 28, 1977). "Budget Deferrals: Message to the Congress - April 28, 1977". Internet Archive. Washington, D.C.: National Archives and Records Service. p. 739.