[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3528 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 3528

To amend the Internal Revenue Code of 1986 to suspend the inclusion in 
               gross income of Social Security benefits.


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                   IN THE SENATE OF THE UNITED STATES

                             March 18, 2020

  Mr. Markey introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to suspend the inclusion in 
               gross income 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. TEMPORARY SUSPENSION OF INCLUSION IN GROSS INCOME OF SOCIAL 
              SECURITY BENEFITS.

    (a) In General.--Section 86 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subsection:
    ``(g) Suspension.--This section shall not apply to taxable years 
beginning after December 31, 2019, and before January 1, 2021.''.
    (b) Nonresident Alien Individuals.--Section 871(a)(3) of such Code 
is amended by adding at the end the following flush sentence:
        ``This paragraph shall not apply to taxable years beginning 
        after December 31, 2019, and before January 1, 2021.''.
    (c) Trust Funds Held Harmless.--
            (1) In general.--There are hereby appropriated (out of any 
        money in the Treasury not otherwise appropriated) to each payor 
        fund and to the hospital insurance trust fund amounts equal to 
        the respective reduction in the transfers to such fund by 
        reason of section 86(g) and the last sentence of section 
        871(a)(3) of the Internal Revenue Code of 1986.
            (2) Definitions.--For purposes of this subsection--
                    (A) Payor fund.--The term ``payor fund'' means any 
                trust fund or account from which payments of social 
                security benefits are made.
                    (B) Hospital insurance trust fund.--The term 
                ``hospital insurance trust fund'' means the fund 
                established pursuant to section 1817 of the Social 
                Security Act (18 U.S.C. 1395i).
                    (C) Social security benefits.--The term ``social 
                security benefits'' has the meaning given such term by 
                section 86(d)(1) of the Internal Revenue Code of 1986.
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