[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3194 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3194

  To amend the Internal Revenue Code of 1986 to provide for inflation 
  adjustments to the income threshold amounts at which 85 percent of 
      social security benefits become includable in gross income.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 30, 1993

  Mr. Filner 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 for inflation 
  adjustments to the income threshold amounts at which 85 percent of 
      social security benefits become includable in gross income.

    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 ``Equal Indexing for Seniors Act of 
1993''.

SEC. 2. INFLATION ADJUSTMENTS.

    (a) General Rule.--Subsection (c) of section 86 of the Internal 
Revenue Code of 1986 (as amended by the Revenue Reconciliation Act of 
1993) is amended by adding at the end thereof the following new 
paragraph:
            ``(3) Inflation adjustment to adjusted base amounts.--In 
        the case of any taxable year beginning in a calendar year after 
        1994, each dollar amount contained in paragraph (2) shall be 
        increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins, by substituting `calendar year 
                1993' for `calendar year 1992'.
        If any increase determined under the preceding sentence is not 
        a multiple of $50, such increase shall be rounded to the next 
        lowest multiple of $50.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1993.

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