H.R.434 - Social Security Benefits Tax Relief Act of 2003108th Congress (2003-2004)
||Rep. Johnson, Sam [R-TX-3] (Introduced 01/28/2003)
||House - Ways and Means
||01/28/2003 Referred to the House Committee on Ways and Means. (All Actions)
This bill has the status Introduced
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Introduced in House (01/28/2003)
Social Security Benefits Tax Relief Act of 2003 - Amends the Internal Revenue Code to repeal the 85 percent (second tier) taxation of Social Security and Railroad Retirement benefits. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenue lost because of the repeal. Requires an annual report concerning the funds transferred from the general fund to the Trust Fund.