Summary: H.R.761 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.761. Bill summaries are authored by CRS.

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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.