Summary: H.R.688 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.688. Bill summaries are authored by CRS.

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Introduced in House (02/10/1999)

Amends the Internal Revenue Code to repeal the tax increase (85 percent maximum rate) on social security benefits and tier 1 railroad retirement benefits, effective as of tax year 1994. Waives any limitation on related refunds or credits if a claim is made within one year of enactment of this Act.