A bill to amend title II of the Social Security Act and the Internal Revenue Code of 1954 to provide that an individual who has attained age 65 may elect to treat any employment or self-employment performed by him as not covered for social security taxes.

Summary

Provides, under the Social Security Act (Title II: Federal Old-age, Survivors, and Disability Insurance Benefits) and the Internal Revenue Code, that an individual who has attained age 65 may elect to treat any employment or self-employment performed by him as not covered for social security benefit purposes and exempt from social security taxes. Requires that such election shall be irrevocable for such taxable year. Sets forth the applicability of, manner of, and special refunds arising out of, such exemption.

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Timeline

1. 27 January 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 27 January 1975

  Open at official source

Sponsors

• Rep. Carney, Charles J. [D-OH-19] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend title II of the Social Security Act and the Internal Revenue Code of 1954 to provide that an individual who has attained age 65 may elect to treat any employment or self-employment performed by him as not covered for social security benefits purposes and exempt from social security taxes.