109 HR 137 IH: To amend the Internal Revenue Code of 1986 to repeal the 1993 increase in income taxes on Social Security benefits. U.S. House of Representatives 2005-01-04 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 1st Session H. R. 137 IN THE HOUSE OF REPRESENTATIVES January 4, 2005 Mr. King of New York 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 repeal the 1993 increase in income taxes on Social Security benefits.

1.

Repeal of 1993 increase in tax on Social Security benefits

(a)

In general

Paragraph (2) of section 86(a) of the Internal Revenue Code of 1986 (relating to social security and tier 1 railroad retirement benefits) is amended by adding at the end the following new sentence: This paragraph shall not apply to any taxable year beginning after December 31, 2004. (b)

Conforming amendments

(1)Subparagraph (A) of section 871(a)(3) of such Code is amended by striking 85 percent and inserting 50 percent. (2) (A)Subparagraph (A) of section 121(e)(1) of the Social Security Amendments of 1983 (Public Law 98–21) is amended— (i)by striking (A) There and inserting There; (ii)by striking (i) immediately following amounts equivalent to; and (iii)by striking , less (ii) and all that follows and inserting a period. (B)Paragraph (1) of section 121(e) of such Act is amended by striking subparagraph (B). (C)Paragraph (3) of section 121(e) of such Act is amended by striking subparagraph (B) and by redesignating subparagraph (C) as subparagraph (B). (D)Paragraph (2) of section 121(e) of such Act is amended in the first sentence by striking paragraph (1)(A) and inserting paragraph (1). (c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2004.