118 HR 9359 IH: To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits. U.S. House of Representatives 2024-08-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS2d SessionH. R. 9359IN THE HOUSE OF REPRESENTATIVESAugust 13, 2024Mr. Van Drew introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

1.

Repeal of inclusion of social security benefits in adjusted gross income

(a)

In general

Section 86 of the Internal Revenue Code of 1986 (relating to social security benefits) is amended by adding at the end the following new subsection: (g)

Termination

This section shall not apply to any taxable year beginning after the date of the enactment of this subsection.. (b)

Social security trust funds held harmless

There are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act (including the Federal Hospital Insurance Trust Fund) or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason of section 86(g) of the Internal Revenue Code of 1986.