A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for Federal Insurance Contributions Act taxes paid in 1980 and 1981.
Social Security Payroll Credit Act of 1979 - Amends the Internal Revenue Code to allow employers, employees, and self-employed individuals an income tax credit equal to 20 percent of the amount of social security taxes paid by such individuals in 1980 and 1981.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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