Social Security Protection and Tax Relief Act of 2001

Summary

Social Security Protection and Tax Relief Act of 2001 - Amends the Internal Revenue Code to impose a 12 percent tax on an individual's "social security taxable income." Defines such income as adjusted gross income reduced by the greater of: (1) the sum of the standard deduction applicable to the taxpayer (or which would be applicable if the taxpayer did not elect to itemize deductions for the taxable year) and the deduction for personal exemptions (determined without regard to the phase out); or (2) the aggregate exempt income of the taxpayer for the taxable year. Defines such exempt income as amounts received as a pension or annuity, social security benefits, and earned income. Decreases the old age, survivors, and disability income (social security taxes) tax rates.

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Timeline

1. 24 April 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 24 April 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 April 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 April 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 April 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 April 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 April 2001

  Open at official source

Sponsors

• Rep. Owens, Major R. [D-NY-12] · D · Sponsor
• · hswm00 · Standing

Related records

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