Home > 106th Congressional Bills > H.R. 4865 (rh) To amend the Internal Revenue Code of 1986 to repeal the 1993 income tax increase on Social Security benefits. [Reported in House] ...
H.R. 4865 (rh) To amend the Internal Revenue Code of 1986 to repeal the 1993 income tax increase on Social Security benefits. [Reported in House] ...
106th CONGRESS
2d Session
H. R. 4865
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 27, 2000
Received; read twice and referred to the Committee on Finance
_______________________________________________________________________
AN ACT
To amend the Internal Revenue Code of 1986 to repeal the 1993 income
tax increase on Social Security 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 Benefits Tax Relief
Act of 2000''.
SEC. 2. REPEAL OF 1993 INCOME TAX INCREASE ON SOCIAL SECURITY BENEFITS.
(a) Restoration of Prior Law Formula.--Subsection (a) of section 86
of the Internal Revenue Code of 1986 is amended to read as follows:
``(a) In General.--Gross income for the taxable year of any
taxpayer described in subsection (b) (notwithstanding section 207 of
the Social Security Act) includes Social Security benefits in an amount
equal to the lesser of--
``(1) one-half of the Social Security benefits received
during the taxable year, or
``(2) one-half of the excess described in subsection
(b)(1).''
(b) Repeal of Adjusted Base Amount.--Subsection (c) of section 86
of such Code is amended to read as follows:
``(c) Base Amount.--For purposes of this section, the term `base
amount' means--
``(1) except as otherwise provided in this subsection,
$25,000,
``(2) $32,000 in the case of a joint return, and
``(3) zero in the case of a taxpayer who--
``(A) is married as of the close of the taxable
year (within the meaning of section 7703) but does not
file a joint return for such year, and
``(B) does not live apart from his spouse at all
times during the taxable year.''
(c) Conforming Amendments.--
(1) Subparagraph (A) of section 871(a)(3) of such Code is
amended by striking ``85 percent'' and inserting ``50
percent''.
(2)(A) Subparagraph (A) of section 121(e)(1) of the Social
Security Amendments of 1983 (Public Law 98-21) is amended--
(i) by striking ``(A) There'' and inserting
``There'';
(ii) by striking ``(i)'' immediately following
``amounts equivalent to''; and
(iii) by striking ``, less (ii)'' and all that
follows and inserting a period.
(B) Paragraph (1) of section 121(e) of such Act is amended
by striking subparagraph (B).
(C) Paragraph (3) of section 121(e) of such Act is amended
by striking subparagraph (B) and by redesignating subparagraph
(C) as subparagraph (B).
(D) Paragraph (2) of section 121(e) of such Act is amended
in the first sentence by striking ``paragraph (1)(A)'' and
inserting ``paragraph (1)''.
(d) Effective Date.--
(1) In general.--Except as otherwise provided in this
subsection, the amendments made by this section shall apply to
taxable years beginning after December 31, 2000.
(2) Subsection (c)(1).--The amendment made by subsection
(c)(1) shall apply to benefits paid after December 31, 2000.
(3) Subsection (c)(2).--The amendments made by subsection
(c)(2) shall apply to tax liabilities for taxable years
beginning after December 31, 2000.
SEC. 3. MAINTENANCE OF TRANSFERS TO HOSPITAL INSURANCE TRUST FUND.
(a) In General.--There are hereby appropriated to the Hospital
Insurance Trust Fund established under section 1817 of the Social
Security Act amounts equal to the reduction in revenues to the Treasury
by reason of the enactment of this Act. 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 such Trust Fund had this Act not
been enacted.
(b) Reports.--The Secretary of the Treasury or the Secretary's
delegate shall annually report to the Committee on Ways and Means of
the House of Representatives and the Committee on Finance of the Senate
the amounts and timing of the transfers under this section.
Passed the House of Representatives July 27, 2000.
Attest:
JEFF TRANDAHL,
Clerk.
Other Popular 106th Congressional Bills Documents:
| 1 |
H.R. 1942 (ih) To encourage the establishment of free trade areas between the United States and certain Pacific Rim countries. [Introduced in House] ... |
|
| 2 |
H.R. 4656 (ih) To authorize the Forest Service to convey certain lands in the Lake Tahoe Basin to the Washoe County School District for use as an elementary school site. [Introduced in House] ... |
| 3 |
H.R. 4811 (rds) Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 2001, and for other purposes. [Received in the Senate] ... |
| 4 |
H.R. 174 (ih) To amend the Federal Deposit Insurance Act and the Federal Credit Union Act to safeguard confidential banking and credit union information, and for other purposes. [Introduced in House] ... |
| 5 |
S.Con.Res. 125 (ats) Providing for a conditional adjournment or recess of the Senate and a conditional adjournment of the House of Representatives. [Agreed to Senate] ... |
| 6 |
H.R. 4534 (rs) To redesignate the facility of the United States Postal Service located at 114 Ridge Street, N.W. in Lenoir, North Carolina, as the ``James T. Broyhill Post Office Building''. [Reported in Senate] ... |
| 7 |
H.Res. 532 (rh) Providing for consideration of the bill (H.R. 4733) making appropriations for energy and water development for the fiscal year ending September 30, 2001, and for other purposes. [Reported in House] ... |
| 8 |
S.J.Res. 55 (es) To change the date for counting the electoral votes in 2001. [Engrossed in Senate] ... |
| 9 |
H.Res. 11 (eh) [Engrossed in House] ... |
| 10 |
H.R. 2368 (rs) To assist in the resettlement and relocation of the people of Bikini Atoll by amending the terms of the trust fund established during the United States administration of the Trust Territory of the Pacific Islands. [Reported in Senate] %%Fil... |
| 11 |
H.Res. 278 (rh) Expressing the sense of the House of Representatives regarding the importance of education, early detection and treatment, and other efforts in the fight against breast cancer. [Reported in House] ... |
| 12 |
H.R. 5468 (ih) To establish the United States Commission on Security in an Open Society. [Introduced in House] ... |
| 13 |
H.R. 820 (rfs) To authorize appropriations for fiscal years 2000 and 2001 for the Coast Guard, and for other purposes. [Referred in Senate] ... |
| 14 |
H.R. 3385 (ih) To strengthen provisions in the Federal Nonnuclear Energy Research and Development Act of 1974 with respect to potential Climate Change. [Introduced in House] ... |
| 15 |
S. 1569 (rs) To amend the Wild and Scenic Rivers Act to designate segments of the Taunton River in the Commonwealth of Massachusetts for study for potential addition to the National Wild and Scenic Rivers System, and for other purposes. [Reported in Senat... |
| 16 |
H.R. 4718 (ih) To extend for 3 additional months the period for which chapter 12 of title 11 of the United States Code is reenacted. [Introduced in House] ... |
| 17 |
S. 314 (enr) To provide for a loan guarantee program to address the Year 2000 computer problems of small business concerns, and for other purposes. [Enrolled bill] ... |
| 18 |
H.R. 5314 (rds) To amend title 10, United States Code, to facilitate the adoption of retired military working dogs by law enforcement agencies, former handlers of these dogs, and other persons capable of caring for these dogs. [Received in the Senate] %%F... |
| 19 |
H.R. 1801 (ih) To make technical corrections to various antitrust laws and to references to such laws. [Introduced in House] ... |
| 20 |
H.R. 2738 (ih) To amend the Food Stamp Act of 1977 to improve onsite inspections of State food stamp programs, to provide grants to develop community partnerships and innovative outreach strategies for food stamp and related programs, and for other purpos... |
| 21 |
H.Res. 100 (rh) Providing for consideration of the bill (H.R. 800) to provide for education flexibility partnerships. [Reported in House] ... |
| 22 |
H.Res. 138 (rh) Providing for the consideration of the bill (H.R. 472) to amend title 13, United States Code, to require the use of postcensus local review as part of each decennial census. [Reported in House] ... |
| 23 |
S. 3153 (is) To authorize the Secretary of the Air Force to convey certain excess personal property of the Air Force to Roosevelt General Hospital, Portales, New Mexico. [Introduced in Senate] ... |
| 24 |
H.R. 4063 (enr) To establish the Rosie the Riveter/World War II Home Front National Historical Park in the State of California, and for other purposes. [Enrolled bill] ... |
| 25 |
S. 1967 (is) To make technical corrections to the status of certain land held in trust for the Mississippi Band of Choctaw Indians, to take certain land into trust for that Band, and for other purposes. [Introduced in Senate] ... |
| 26 |
S.Res. 161 (ats) To authorize the printing of ``Memorial Tributes to John Fitzgerald Kennedy, Jr.''. [Agreed to Senate] ... |
| 27 |
H.R. 1477 (rs) To withhold voluntary proportional assistance for programs and projects of the International Atomic Energy Agency relating to the development and completion of the Bushehr nuclear power plant in Iran, and for other purposes. [Reported in Se... |
| 28 |
S. 2502 (is) To establish in the Office of the Architect of the Capitol the position of Director of Fire Safety and Protection to assume responsibility for fire safety and protection activities of the Architect of the Capitol, and for other purposes. [Int... |
| 29 |
S. 2463 (is) To institute a moratorium on the imposition of the death penalty at the Federal and State level until a National Commission on the Death Penalty studies its use and policies ensuring justice, fairness, and due process are implemented. [Introd... |
| 30 |
S. 2902 (is) To revise the definition of advanced service, and for other purposes. [Introduced in Senate] ... |
Other Documents:
106th Congressional Bills Records and Documents
| GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information. |
|