Neha Patil (Editor)

Revenue and Expenditure Control Act of 1968

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Effective
  
June 28, 1968

Statutes at Large
  
82 Stat. 251

Public law
  
90-364

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

Titles amended
  
26 U.S.C.: Internal Revenue Code

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.

References

Revenue and Expenditure Control Act of 1968 Wikipedia