H.R.761 - Senior Citizens Tax Elimination Act106th Congress (1999-2000)
|Sponsor:||Rep. Forbes, Michael P. [R-NY-1] (Introduced 02/12/1999)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 02/12/1999 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.761 — 106th Congress (1999-2000)All Information (Except Text)
Introduced in House (02/12/1999)
Senior Citizens Tax Elimination Act - Amends the Internal Revenue Code to repeal the inclusion of any social security or tier I railroad retirement benefits in gross income.
Appropriates non-appropriated Treasury amounts for the social security and railroad retirement funds to equal the amounts not transferred as a result of such repeal. Expresses the sense of the Congress that tax increases will not be used to provide such revenue.