A bill to amend the Internal Revenue Code of 1986 to repeal the increase in the tax on the social security benefits.

Amends the Internal Revenue Code to terminate the tax increase on social security benefits and tier 1 railroad retirement benefits.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 482 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 482

 To amend the Internal Revenue Code of 1986 to repeal the increase in 
                  the tax on social security benefits.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 25, 1999

   Mr. Abraham (for himself, Mr. Lott, Mr. Ashcroft, Mr. Helms, Mr. 
Inhofe, Mr. Bunning, Mr. DeWine, Mr. Cochran, and Mr. Mack) introduced 
the following bill; which was read twice and referred to the Committee 
                               on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to repeal the increase in 
                  the tax on social security benefits.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF INCREASE IN TAX ON SOCIAL SECURITY BENEFITS.

    (a) In General.--Paragraph (2) of section 86(a) of the Internal 
Revenue Code of 1986 (relating to social security and tier 1 railroad 
retirement benefits) is amended by adding at the end the following new 
flush sentence:
        ``This paragraph shall not apply to any taxable year beginning 
        after December 31, 1999.''
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 1999.
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