H.R. 424 · 108th Congress
Senior Citizens Tax Elimination Act
- Stage
- In committee
- Sponsor
- Ron Paul
- Introduced
- 2003-01-28
- Latest action
- 2003-02-05 · Referred to the Subcommittee on Social Security.
Summary
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.Appropriates non-appropriated Treasury amounts for the social security and railroad retirement funds to equal the amounts not transferred as a result of such repeal. Expresses the sense of Congress that tax increases will not be used to provide such revenue.