[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 263 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 263

To repeal the provisions of the Internal Revenue Code of 1986 relating 
 to the taxation of up to one-half of an individual's social security 
               and certain railroad retirement benefits.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

  Mr. Neal of North Carolina introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To repeal the provisions of the Internal Revenue Code of 1986 relating 
 to the taxation of up to one-half of an individual's social security 
               and certain railroad retirement benefits.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF PROVISIONS WHICH REQUIRE TAXATION OF UP TO ONE-
              HALF OF SOCIAL SECURITY AND RAILROAD RETIREMENT BENEFITS.

    (a) In General.--Section 86 of the Internal Revenue Code of 1986 
(relating to inclusion of social security and tier 1 railroad 
retirement benefits in gross income) is hereby repealed.
    (b) Repeal of Return Requirement.--Section 6050F of such Code 
(relating to returns relating to social security benefits) is hereby 
repealed.
    (c) Technical and Conforming Amendments.--
            (1) Subparagraph (B) of section 22(c)(3) of such Code is 
        amended by striking out ``any amount treated as a social 
        security benefit under section 86(d)(3)'' and inserting in lieu 
        thereof ``if, by reason of section 224 of the Social Security 
        Act (or by reason of section 3(a)(1) of the Railroad Retirement 
        Act of 1974), any benefit otherwise payable under title II of 
        the Social Security Act or the Railroad Retirement Act of 1974 
        is reduced by reason of the receipt of a benefit under a 
        workmen's compensation act, the portion of such benefit 
        received under the workmen's compensation act which equals such 
        deduction''.
            (2) Paragraph (3) of section 72(r) of such Code is amended 
        to read as follows:
            ``(3) Tier 1 railroad retirement benefit.--For purposes of 
        paragraph (1), the term `tier 1 railroad retirement benefit' 
        means a monthly benefit under section 3(a), 3(f)(3), 4(a), or 
        4(f) of the Railroad Retirement Act of 1974.''
            (3) Paragraph (8) of section 861(a) of such Code is hereby 
        repealed.
            (4) Paragraph (3) of section 871(a) of such Code is hereby 
        repealed.
            (5) Subsection (g) of section 1441 of such Code is hereby 
        repealed.
            (6) Paragraph (1) of section 6050G(a) of such Code is 
        amended by striking out ``86(d)(4)'' and inserting in lieu 
        thereof ``72(r)(3)''.
            (7) Paragraph (6) of section 6103(h) of such Code is hereby 
        repealed.
            (8) Paragraph (4) of section 6103(p) of such Code is 
        amended by striking out ``(h)(6),'' where such term appears in 
        the material preceding subparagraph (A) and in subparagraph 
        (F)(ii).
            (9) Subsection (e) of section 121 of the Social Security 
        Amendments of 1983 is hereby repealed.
            (10) Subsection (k) of section 1113 of the Right to 
        Financial Privacy Act of 1978 (12 U.S.C. 3413) is hereby 
        repealed.
    (d) Clerical Amendments.--
            (1) The table of sections for part II of subchapter B of 
        chapter 1 of such Code is amended by striking out the item 
        relating to section 86.
            (2) The table of sections for subpart B of part III of 
        subchapter A of chapter 61 of such Code is amended by striking 
        out the item relating to section 6050F.
    (e) Effective Date.--The amendments made by this section shall 
apply to benefits received after December 31, 1992, in taxable years 
beginning after such date.

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