| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 458 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to repeal the inclusion in |
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| 6 | 6 | | gross income of Social Security benefits. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | FEBRUARY6 (legislative day, FEBRUARY5), 2025 |
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| 9 | 9 | | Mr. T |
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| 10 | 10 | | UBERVILLE(for himself and Mr. SHEEHY) introduced the following bill; |
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| 11 | 11 | | which was read twice and referred to the Committee on Finance |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Internal Revenue Code of 1986 to repeal |
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| 14 | 14 | | the inclusion in gross income of Social Security benefits. |
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| 15 | 15 | | Be it enacted by the Senate and House of Representa-1 |
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| 16 | 16 | | tives of the United States of America in Congress assembled, 2 |
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| 17 | 17 | | SECTION 1. SHORT TITLE. 3 |
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| 18 | 18 | | This Act may be cited as the ‘‘Senior Citizens Tax 4 |
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| 19 | 19 | | Elimination Act’’. 5 |
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| 20 | 20 | | SEC. 2. REPEAL OF INCLUSION IN GROSS INCOME OF SO-6 |
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| 21 | 21 | | CIAL SECURITY BENEFITS. 7 |
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| 22 | 22 | | (a) I |
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| 23 | 23 | | NGENERAL.—Section 86 of the Internal Rev-8 |
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| 24 | 24 | | enue Code of 1986 (relating to social security benefits) 9 |
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| 25 | 25 | | VerDate Sep 11 2014 07:37 Mar 06, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S458.IS S458 |
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| 26 | 26 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 27 | 27 | | •S 458 IS |
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| 28 | 28 | | is amended by adding at the end the following new sub-1 |
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| 29 | 29 | | section: 2 |
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| 30 | 30 | | ‘‘(g) T |
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| 31 | 31 | | ERMINATION.—This section shall not apply to 3 |
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| 32 | 32 | | any taxable year beginning after the date of the enactment 4 |
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| 33 | 33 | | of this subsection.’’. 5 |
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| 34 | 34 | | (b) S |
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| 35 | 35 | | OCIALSECURITYTRUSTFUNDSHELDHARM-6 |
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| 36 | 36 | | LESS.— 7 |
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| 37 | 37 | | (1) I |
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| 38 | 38 | | N GENERAL.—There are hereby appro-8 |
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| 39 | 39 | | priated (out of any money in the Treasury not other-9 |
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| 40 | 40 | | wise appropriated) for each fiscal year to each fund 10 |
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| 41 | 41 | | under the Social Security Act or the Railroad Re-11 |
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| 42 | 42 | | tirement Act of 1974 an amount equal to the reduc-12 |
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| 43 | 43 | | tion in the transfers to such fund for such fiscal 13 |
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| 44 | 44 | | year by reason of section 86(g) of the Internal Rev-14 |
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| 45 | 45 | | enue Code of 1986. 15 |
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| 46 | 46 | | (2) N |
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| 47 | 47 | | O TAX INCREASES.—It is the sense of the 16 |
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| 48 | 48 | | Congress that tax increases will not be used to pro-17 |
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| 49 | 49 | | vide the revenue necessary to carry out paragraph 18 |
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| 50 | 50 | | (1). 19 |
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| 51 | 51 | | Æ |
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| 52 | 52 | | VerDate Sep 11 2014 07:37 Mar 06, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S458.IS S458 |
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| 53 | 53 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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