[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1601 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 1601

 To increase the exempt amount applicable for the retirement earnings 
       test for months in 2020 and 2021, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 3, 2021

Mrs. Walorski introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
 To increase the exempt amount applicable for the retirement earnings 
       test for months in 2020 and 2021, and for other purposes.

    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 ``Pandemic Relief for Working Seniors 
Act of 2021''.

SEC. 2. DETERMINATION OF EXEMPT AMOUNTS FOR 2020 AND 2021.

    (a) In General.--For purposes of subsection (b) of section 203 of 
the Social Security Act (42 U.S.C. 403) and notwithstanding subsection 
(f)(8)(B) of such section--
            (1) the exempt amount which is applicable to all 
        individuals (including individuals described in subsection 
        (f)(8)(D) of such section) for months in the taxable year 
        ending after 2019 and before 2021 shall be an amount equal to 
        the contribution and benefit base determined under section 230 
        of such Act with respect to remuneration paid (and taxable 
        years beginning) in calendar year 2020; and
            (2) the exempt amount which is applicable to all 
        individuals (including individuals described in subsection 
        (f)(8)(D) of such section) for months in the taxable year 
        ending after 2020 and before 2022 shall be an amount equal to 
        the contribution and benefit base determined under section 230 
        of such Act with respect to remuneration paid (and taxable 
        years beginning) in calendar year 2021.
    (b) Determination of Exempt Amounts for Months After 2021.--For 
purposes of determining exempt amounts for months in taxable years 
beginning after 2021, section 203(f)(8) shall be applied as if exempt 
amounts for months in taxable years ending after 2019 and before 2022 
had been determined under such section without regard to subsection 
(a).
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