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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 23, 1969
Page
3
The measure reshapes personal exemptions to 650 in 1970 rising to 750 by 1973 while standard deduction climbs from 10 to 15 percent with ceilings up to 2000 by 1973. It targets low income relief, boosts Social Security benefits, reduces surtax, and maintains excise taxes for one more year. It also tightens capital gains rules, moves moving expense deductions, and introduces new minimum tax and firm depletion adjustments.
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