[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1109 Introduced in Senate (IS)]
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119th CONGRESS
1st Session
S. 1109
To amend the Internal Revenue Code of 1986 to provide for a temporary
reduction of the inclusion in gross income for old-age and survivors
insurance benefit payments under the Social Security Act, as well as
tier 1 railroad retirement benefits.
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IN THE SENATE OF THE UNITED STATES
March 25, 2025
Mr. Ricketts 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 provide for a temporary
reduction of the inclusion in gross income for old-age and survivors
insurance benefit payments under the Social Security Act, as well as
tier 1 railroad retirement benefits.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Social Security Check Tax Cut Act''.
SEC. 2. TEMPORARY REDUCTION OF INCLUSION IN GROSS INCOME FOR OLD-AGE
AND SURVIVORS INSURANCE BENEFIT PAYMENTS.
(a) In General.--Section 86 of the Internal Revenue Code of 1986 is
amended by adding at the end the following new subsection:
``(g) Special Rules for Taxable Years 2026 and 2027.--
``(1) In general.--In the case of a taxable year beginning
after December 31, 2025, and before January 1, 2028, this
section shall be applied as provided in paragraphs (2) and (3).
``(2) Separate application for retirement and disability
benefits.--Subsection (a) shall be applied separately with
respect to--
``(A) any social security benefits received by the
taxpayer by reason of entitlement to--
``(i) a monthly benefit under section 202
of the Social Security Act (42 U.S.C. 402), or
``(ii) a tier 1 railroad retirement
benefit, and
``(B) any social security benefits received by the
taxpayer by reason of entitlement to a monthly benefit
under section 223 of the Social Security Act (42 U.S.C.
423).
``(3) Reduction of inclusion in gross income for old-age
and survivors insurance benefit payments.--For purposes of any
social security benefits which are described in paragraph
(2)(A), in lieu of the amount determined under subsection (a)
(after the application of paragraph (2)) with respect to such
benefits, the amount of such benefits which are included in the
gross income of the taxpayer under this section shall be equal
to--
``(A) the amount otherwise determined under
subsection (a) (after the application of paragraph (2))
with respect to such benefits, minus
``(B) an amount equal to--
``(i) in the case of a taxable year
beginning after December 31, 2025, and before
January 1, 2027, 10 percent of the amount
determined under subparagraph (A), and
``(ii) In the case of a taxable year
beginning after December 31, 2026, and before
January 1, 2028, 20 percent of the amount
determined under subparagraph (A).''.
(b) Protection of Trust Funds.--There are hereby appropriated to
the Federal Old-Age and Survivors Trust Fund and the Federal Disability
Insurance Trust Fund established under section 201 of the Social
Security Act (42 U.S.C. 401), as well as the Medicare Hospital
Insurance Trust Fund established under section 1817(a) of the Social
Security Act (42 U.S.C. 1395i(a)), amounts equal to the reduction in
revenues to the Treasury by reason of the amendment made by subsection
(a). Amounts appropriated by the preceding sentence shall be
transferred from the general fund at such times and in such manner as
to replicate to the extent possible the transfers which would have
occurred to each such Trust Fund had such amendment not been enacted.
(c) Effective Date.--The amendment made by subsection (a) shall
apply to taxable years beginning after December 31, 2025.
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