[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 202 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 202

To amend the Internal Revenue Code of 1986 to provide for an inflation 
adjustment of the base amounts used in determining the amount of Social 
              Security benefits included in gross income.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 2003

  Mr. Stupak 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 an inflation 
adjustment of the base amounts used in determining the amount of Social 
              Security benefits included in gross income.

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

SECTION 1. INFLATION ADJUSTMENT OF BASE AMOUNTS USED IN DETERMINING 
              AMOUNT OF SOCIAL SECURITY BENEFITS INCLUDED IN GROSS 
              INCOME.

    (a) In General.--Subsection (c) of section 86 of the Internal 
Revenue Code of 1986 (relating to base amount and adjusted base amount) 
is amended by adding at the end thereof the following new paragraph:
            ``(3) Inflation adjustment.--In the case of any taxable 
        year beginning in a calendar year after 2003, each dollar 
        amount contained in paragraphs (1) and (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 
                2002' 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 amendments made by this section shall 
apply to taxable years beginning after December 31, 2003.
                                 <all>