A bill to amend the Internal Revenue Code of 1954 and the Social Security Act with respect to the tax treatment for retirement purposes of commissions received by certain State and local tax collectors.

Summary

Amends the Internal Revenue Code of 1954 and Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to include within the meaning of the term "fee" for the purpose of determining an individual's self-employment income, any commissions received by an individual for collecting taxes for the State or a political subdivision thereof. Sets forth a provision under which any individual who would be affected by this Act in 1977 may make an irrevocable election not to have this Act apply in 1977 and every year thereafter.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 July 1976

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 July 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 July 1976

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 27 July 1976

  Open at official source

Sponsors

• Rep. Schneebeli, Herman T. [R-PA-17] · R · Sponsor
• · hswm00 · Standing

Related records

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