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Bill > HR6590


US HR6590

US HR6590
Senior Citizens Tax Elimination Act


summary

Introduced
02/03/2022
In Committee
02/03/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

AI Summary

This bill, the Senior Citizens Tax Elimination Act, proposes to repeal the inclusion of Social Security benefits in an individual's gross income for federal income tax purposes. Currently, a portion of Social Security benefits are counted as taxable income under Section 86 of the Internal Revenue Code. This bill would eliminate that provision, ensuring that Social Security benefits are no longer subject to federal income tax. To prevent the loss of revenue to the Social Security and Railroad Retirement trust funds, the bill appropriates funds from the Treasury to make up for the reduction in transfers to those funds caused by the elimination of the Social Security benefits tax.

Committee Categories

Budget and Finance

Sponsors (29)

Last Action

Referred to the House Committee on Ways and Means. (on 02/03/2022)

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