[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 137 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 137

 To amend the Internal Revenue Code of 1986 to repeal the increase in 
                    tax on social security benefits.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 19, 1999

    Mr. Kyl introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to repeal the increase in 
                    tax 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. REPEAL OF TAX INCREASE ON SOCIAL SECURITY BENEFITS.

    (a) In General.--Section 13215 of the Revenue Reconciliation Act of 
1993 is hereby repealed, and the Internal Revenue Code of 1986 shall be 
applied and administered as if such section (and the amendments made 
thereby) had not been enacted.
    (b) Effective Date; Waiver Rule.--
            (1) Effective date.--The repeal made by this section shall 
        apply to taxable years beginning after December 31, 1993.
            (2) Waiver of limitations.--If refund or credit of any 
        overpayment of tax resulting from the application of the repeal 
        made by this section is prevented at any time before the close 
        of the 1-year period beginning on the date of the enactment of 
        this Act by the operation of any law or rule of law (including 
        res judicata), such refund or credit may nevertheless be made 
        or allowed if claim therefor is filed before the close of such 
        period.
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