A bill to amend the Internal Revenue Code of 1986 and title II of the Social Security Act to provide an exemption from coverage under the social security program on a current basis (pursuant to applications filed in advance) for employers and their employees in cases where both are members of faiths opposed to participation in such program.

Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide an exemption from taxation under the Federal Insurance Contributions Act (employment tax) and from benefits under the social security program for employers and their employees in cases when both are members of religious groups opposed to participation in such a program.

Requires both the employer and the employee to submit an application for the tax exemption.