[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 541 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 541

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


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 14, 2009

 Mr. Platts (for himself and Mr. Coble) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide for an inflation 
 adjustment of the base amounts used to determine 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. SHORT TITLE.

    This Act may be cited as the ``Social Security Tax Relief Act of 
2009''.

SEC. 2. INFLATION ADJUSTMENT OF BASE AMOUNTS USED TO DETERMINE 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 the following new paragraph:
            ``(3) Cost-of-living adjustment.--In the case of any 
        taxable year beginning in a calendar year after 2009, 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 
                2008' for `calendar year 1992' in subparagraph (B) 
                thereof.
        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 this section shall apply 
to taxable years beginning after December 31, 2009.
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