| Shorttitle: | Tax Reduction and Simplification Act of 1977 |
| Longtitle: | An Act to reduce individual and business income taxes and to provide tax simplification and reform. |
| Colloquialacronym: | TRSA |
| Nickname: | Intergovernmental Anti-recession Assistance Act |
| Enacted By: | 95th |
| Effective Date: | May 23, 1977 |
| Public Law Url: | https://www.govinfo.gov/content/pkg/STATUTE-91/pdf/STATUTE-91-Pg126.pdf |
| Cite Public Law: | 95-30 |
| Title Amended: | 26 U.S.C.: Internal Revenue Code |
| Introducedin: | House |
| Introducedby: | Al Ullman (D–OR) |
| Introduceddate: | February 16, 1977 |
| Committees: | House Ways and Means, House Appropriations, Senate Finance |
| Passedbody1: | House |
| Passeddate1: | March 8, 1977 |
| Passedvote1: | 282-131, in lieu of |
| Passedbody2: | Senate |
| Passeddate2: | April 29, 1977 |
| Passedvote2: | 73-7 |
| Conferencedate: | May 6, 1977 |
| Passedbody3: | House |
| Passeddate3: | May 16, 1977 |
| Passedvote3: | 252-134 |
| Passedbody4: | Senate |
| Passeddate4: | May 16, 1977 |
| Passedvote4: | Agreed |
| Signedpresident: | Jimmy Carter |
| Signeddate: | 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.