You Earned It Act

Bill: 113-hr-5850
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-12-11
Policy area: Taxation
Subjects: Income tax exclusion

Social security and elderly assistance
Latest action: action_date: 2014-12-11
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-12-11
action_desc: Introduced in House
text: <p>You Earned It Act - Amends the Internet Revenue Code to repeal the inclusion in gross income of Social Security and tier 1 railroad retirement benefits, and so exclude them.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5850 IN THE HOUSE OF REPRESENTATIVES December 11, 2014 Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means A BILL To exclude Social Security benefits from taxable income.

1. SHORT TITLE This Act may be cited as the You Earned It Act . 2. EXCLUSION OF SOCIAL SECURITY BENEFITS FROM TAXABLE INCOME Section 86 of the Internal Revenue Code of 1986 is hereby repealed.