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US HR3206

US HR3206
Senior Citizens Tax Elimination Act


summary

Introduced
05/11/2023
In Committee
12/17/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th 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 amend the Internal Revenue Code of 1986 to repeal the inclusion of Social Security benefits in an individual's gross income. Specifically, it would add a new subsection to Section 86 of the Internal Revenue Code, which currently requires a portion of Social Security benefits to be included in taxable income. The bill also includes a provision to appropriate funds from the U.S. Treasury to the Social Security and Railroad Retirement trust funds to make up for the revenue loss resulting from the elimination of the tax on Social Security benefits, and states that Congress does not intend to raise taxes to cover this revenue reduction.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (37)

Last Action

Referred to the Subcommittee on Social Security. (on 12/17/2024)

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