Senior Citizens Tax Elimination Act

Bill: 113-hr-3894
Sponsor: full_name: Rep. Massie, Thomas [R-KY-4]
Introduced: 2014-01-16
Policy area: Taxation
Subjects: Appropriations

Employee benefits and pensions

Government trust funds

Income tax exclusion

Income tax rates

Railroads

Social security and elderly assistance

Transportation employees
Latest action: action_date: 2014-01-16
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-01-16
action_desc: Introduced in House
text: <p>Senior Citizens Tax Elimination Act - Amends the Internal Revenue Code to repeal the inclusion of any social security or tier I railroad retirement benefits in gross income.</p> <p>Appropriates funds to cover reductions in transfers to the Social Security and Railroad Retirement Trust Funds resulting from the enactment of this Act. Expresses the sense of Congress against using tax increases to provide revenue necessary to carry out this Act. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3894 IN THE HOUSE OF REPRESENTATIVES January 16, 2014 Mr. Massie (for himself, Mr. Bridenstine , and Mr. DeSantis ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

1. Short title This Act may be cited as the Senior Citizens Tax Elimination Act . 2. Repeal of inclusion in gross income of Social Security benefits (a) In general Section 86 of the Internal Revenue Code of 1986 (relating to social security benefits) is amended by adding at the end the following new subsection: (g) Termination This section shall not apply to any taxable year beginning after the date of the enactment of this subsection. . (b) Social Security trust funds held harmless (1) In general There are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason of section 86(g) of the Internal Revenue Code of 1986. (2) No tax increases It is the sense of the Congress that tax increases will not be used to provide the revenue necessary to carry out paragraph (1).