Individual Income Tax Act of 1944
This article needs additional citations for verification. (July 2013)
The Act also amended section 22 of the Internal Revenue Code of 1939 to provide a definition for "adjusted gross income".
It standardized the value of personal exemptions at $500 per person for those with adjusted gross income of $5,000 or more.
The provisions of the Act were generally effective for tax years that began after December 31, 1943.
- See generally Act, sec. 4.
- Act, sec. 6(a).
- Act sec. 8.
- Act sec. 9(a).
- Act, sec. 2.