H.R. 12500 — A bill to amend the Internal Revenue Code of 1954 to allow, as a credit against income tax, certain amounts of social security taxes paid by an employee, and to make the earned income credit permanent.

Summary

Amends the Internal Revenue Code to allow a credit against income tax for specified percentages of social security taxes paid by an employee. Makes the earned income credit permanent.

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Related Legislation

H.R. 10360A bill to amend the Internal Revenue Code of 1954 to allow, as a credit against income tax, certain amounts of social security taxes paid by an employee, and to make the earned income credit permanent.
1977-12-15Referred to House Committee on Ways and Means.
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Legislative Actions

1978-05-02
Introduced in House
1978-05-02
Introduced in House
1978-05-02
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to allow, as a credit against income tax, certain amounts of social security taxes paid by an employee, and to make the earned income credit permanent.

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