Revenue and Expenditure Control Act of 1968

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
Effective	June 28, 1968
Citations
Public law	90-364
Statutes at Large	82 Stat. 251
Codification
Titles amended	26 U.S.C.: Internal Revenue Code
U.S.C. sections amended	I.R.C. ch. 1 §§ 101-110, 201-205, 301-303
Legislative history
Introduced in the House as H.R. 15414 Passed the Senate on April 2, 1968 (57-31) Passed the House on June 20, 1968 (257-162) Reported by the joint conference committee on June 20, 1968; agreed to by the House on June 20, 1968 (268-150) and by the Senate on June 21, 1968 (64-16) Signed into law by President Lyndon Johnson on June 28, 1968

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.