S. 767 · 108th Congress
A bill to amend the Internal Revenue Code of 1986 to repeal the increase in the tax on social security benefits.
- Stage
- In committee
- Sponsor
- Gordon Smith
- Introduced
- 2003-04-02
- Latest action
- 2003-04-02 · Introduced in Senate
Summary
Amends the Internal Revenue Code to repeal the 85 percent (second tier) taxation of Social Security and Railroad Retirement benefits. Transfers from the general fund in the Treasury to the Hospital Insurance Trust Fund amounts equal to the resultant reduction in revenues.