[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1567 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1567

 To amend the Internal Revenue Code of 1986 to provide that tax-exempt 
interest shall not be taken into account in determining the portion of 
          social security benefits subject to income taxation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 31, 1993

  Mr. Flake introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide that tax-exempt 
interest shall not be taken into account in determining the portion of 
          social security benefits subject to income taxation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That (a) paragraph (2) 
of section 86(b) of the Internal Revenue Code of 1986 (defining 
modified adjusted gross income) is amended to read as follows:
            ``(2) Modified adjusted gross income.--For purposes of this 
        subsection, the term `modified adjusted gross income' means 
        adjusted gross income determined without regard to this section 
        and sections 135, 911, 931, and 933.''
    (b) The amendment made by subsection (a) shall apply to taxable 
years beginning after December 31, 1992.

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