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US HR2552

US HR2552
Senior Citizens Tax Elimination Act


summary

Introduced
05/19/2017
In Committee
05/19/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Senior Citizens Tax Elimination Act This bill amends the Internal Revenue Code to repeal the inclusion of any Social Security or tier I railroad retirement benefits in gross income for income tax purposes. The bill also: (1) appropriates funds to cover reductions in transfers to the Social Security and Railroad Retirement Trust Funds resulting from the enactment of this bill, and (2) expresses the sense of Congress against using tax increases to provide revenue necessary to carry out this bill.

AI Summary

This bill, the Senior Citizens Tax Elimination Act, amends the Internal Revenue Code to repeal the inclusion of any Social Security or Tier I railroad retirement benefits in gross income for income tax purposes. To offset the resulting reduction in transfers to the Social Security and Railroad Retirement Trust Funds, the bill appropriates funds from the general Treasury. Additionally, the bill expresses the sense of Congress that tax increases should not be used to provide the necessary revenue to carry out this change.

Committee Categories

Budget and Finance

Sponsors (16)

Last Action

Referred to the House Committee on Ways and Means. (on 05/19/2017)

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