A bill to amend the Internal Revenue Code of 1986 to repeal the taxation of social security benefits.

Amends the Internal Revenue Code to repeal the taxation of social security and tier 1 railroad retirement benefits.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 488 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 488

 To amend the Internal Revenue Code of 1986 to repeal the taxation of 
                       social security benefits.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 25, 1999

   Mr. Grams 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 taxation of 
                       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 TAXATION OF SOCIAL SECURITY BENEFITS.

    Section 86 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:
    ``(g) Termination.--This section shall not apply to taxable years 
beginning after December 31, 1998.''
                                 <all>