Tax Adjustment Act of 1966
Latest action (15 Mar 1966): Became Public Law No. 89-368
What this bill does
H.R. 12752, titled an Act to provide for graduated withholding of income tax, from wages, to require declarations of estimated tax with respect to self-employment income, to accelerate current payments of estimated income tax by corporations, to postpone certain excise tax rate reductions, and for other purposes, became Public Law No: 89-368 on March 15, 1966. The bill's title indicates it would adjust how income taxes are collected.
Specifically, the Act addresses graduated income tax withholding from wages, mandates declarations of estimated tax for those with self-employment income, and speeds up estimated income tax payments for corporations. It also involves delaying scheduled decreases in certain excise tax rates. The intended beneficiaries of these changes are individuals earning wages and self-employment income, as well as corporations.
This legislation was introduced in the 89th Congress and was enacted, meaning it became law. The record shows it was enacted on the same date it was introduced, March 15, 1966, and was assigned Public Law No: 89-368. No further legislative action is described as the bill became law on that date.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
15 Mar 1966
Became Public Law No. 89-368
Common questions
- What does H.R. 12752 do?
- H.R. 12752, titled an Act to provide for graduated withholding of income tax, from wages, to require declarations of estimated tax with respect to self-employment income, to accelerate current payments of estimated income tax by corporations, to postpone certain excise tax rate reductions, and for other purposes, became Public Law No: 89-368 on March 15, 1966. The bill's title indicates it would adjust how income taxes are collected. Specifically, the Act addresses graduated income tax withholding from wages, mandates declarations of estimated tax for those with self-employment income, and speeds up estimated income tax payments for corporations. It also involves delaying scheduled decreases in certain excise tax rates. The intended beneficiaries of these changes are individuals earning wages and self-employment income, as well as corporations. This legislation was introduced in the 89th Congress and was enacted, meaning it became law. The record shows it was enacted on the same date it was introduced, March 15, 1966, and was assigned Public Law No: 89-368. No further legislative action is described as the bill became law on that date.
- Has H.R. 12752 become law?
- Yes. H.R. 12752 has been enacted. Status last updated 15 Mar 1966.
- Who sponsored H.R. 12752?
- No sponsor is on record for H.R. 12752 in the official data.
- What's the latest action on H.R. 12752?
- Became Public Law No. 89-368 (15 Mar 1966).
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.