Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB1109 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 1109
5	5	To amend the Internal Revenue Code of 1986 to provide for a temporary
6	6	reduction of the inclusion in gross income for old-age and survivors
7	7	insurance benefit payments under the Social Security Act, as well as
8	8	tier 1 railroad retirement benefits.
9	9	IN THE SENATE OF THE UNITED STATES
10	10	MARCH25, 2025
11	11	Mr. R
12	12	ICKETTSintroduced the following bill; which was read twice and referred
13	13	to the Committee on Finance
14	14	A BILL
15	15	To amend the Internal Revenue Code of 1986 to provide
16	16	for a temporary reduction of the inclusion in gross in-
17	17	come for old-age and survivors insurance benefit pay-
18	18	ments under the Social Security Act, as well as tier
19	19	1 railroad retirement benefits.
20	20	Be it enacted by the Senate and House of Representa-1
21	21	tives of the United States of America in Congress assembled, 2
22	22	SECTION 1. SHORT TITLE. 3
23	23	This Act may be cited as the ‘‘Social Security Check 4
24	24	Tax Cut Act’’. 5
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27	27	•S 1109 IS
28	28	SEC. 2. TEMPORARY REDUCTION OF INCLUSION IN GROSS 1
29	29	INCOME FOR OLD-AGE AND SURVIVORS IN-2
30	30	SURANCE BENEFIT PAYMENTS. 3
31	31	(a) I
32	32	NGENERAL.—Section 86 of the Internal Rev-4
33	33	enue Code of 1986 is amended by adding at the end the 5
34	34	following new subsection: 6
35	35	‘‘(g) S
36	36	PECIALRULES FORTAXABLEYEARS2026 7
37	37	AND2027.— 8
38	38	‘‘(1) I
39	39	N GENERAL.—In the case of a taxable 9
40	40	year beginning after December 31, 2025, and before 10
41	41	January 1, 2028, this section shall be applied as 11
42	42	provided in paragraphs (2) and (3). 12
43	43	‘‘(2) S
44	44	EPARATE APPLICATION FOR RETIREMENT 13
45	45	AND DISABILITY BENEFITS .—Subsection (a) shall be 14
46	46	applied separately with respect to— 15
47	47	‘‘(A) any social security benefits received 16
48	48	by the taxpayer by reason of entitlement to— 17
49	49	‘‘(i) a monthly benefit under section 18
50	50	202 of the Social Security Act (42 U.S.C. 19
51	51	402), or 20
52	52	‘‘(ii) a tier 1 railroad retirement ben-21
53	53	efit, and 22
54	54	‘‘(B) any social security benefits received 23
55	55	by the taxpayer by reason of entitlement to a 24
56	56	monthly benefit under section 223 of the Social 25
57	57	Security Act (42 U.S.C. 423). 26
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60	60	•S 1109 IS
61	61	‘‘(3) REDUCTION OF INCLUSION IN GROSS IN -1
62	62	COME FOR OLD -AGE AND SURVIVORS INSURANCE 2
63	63	BENEFIT PAYMENTS .—For purposes of any social 3
64	64	security benefits which are described in paragraph 4
65	65	(2)(A), in lieu of the amount determined under sub-5
66	66	section (a) (after the application of paragraph (2)) 6
67	67	with respect to such benefits, the amount of such 7
68	68	benefits which are included in the gross income of 8
69	69	the taxpayer under this section shall be equal to— 9
70	70	‘‘(A) the amount otherwise determined 10
71	71	under subsection (a) (after the application of 11
72	72	paragraph (2)) with respect to such benefits, 12
73	73	minus 13
74	74	‘‘(B) an amount equal to— 14
75	75	‘‘(i) in the case of a taxable year be-15
76	76	ginning after December 31, 2025, and be-16
77	77	fore January 1, 2027, 10 percent of the 17
78	78	amount determined under subparagraph 18
79	79	(A), and 19
80	80	‘‘(ii) In the case of a taxable year be-20
81	81	ginning after December 31, 2026, and be-21
82	82	fore January 1, 2028, 20 percent of the 22
83	83	amount determined under subparagraph 23
84	84	(A).’’. 24
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87	87	•S 1109 IS
88	88	(b) PROTECTION OF TRUSTFUNDS.—There are 1
89	89	hereby appropriated to the Federal Old-Age and Survivors 2
90	90	Trust Fund and the Federal Disability Insurance Trust 3
91	91	Fund established under section 201 of the Social Security 4
92	92	Act (42 U.S.C. 401), as well as the Medicare Hospital In-5
93	93	surance Trust Fund established under section 1817(a) of 6
94	94	the Social Security Act (42 U.S.C. 1395i(a)), amounts 7
95	95	equal to the reduction in revenues to the Treasury by rea-8
96	96	son of the amendment made by subsection (a). Amounts 9
97	97	appropriated by the preceding sentence shall be trans-10
98	98	ferred from the general fund at such times and in such 11
99	99	manner as to replicate to the extent possible the transfers 12
100	100	which would have occurred to each such Trust Fund had 13
101	101	such amendment not been enacted. 14
102	102	(c) E
103	103	FFECTIVEDATE.—The amendment made by 15
104	104	subsection (a) shall apply to taxable years beginning after 16
105	105	December 31, 2025. 17
106	106	Æ
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