A bill to amend the Internal Revenue Code of 1954 and title II of the Social Security Act to provide a full exemption (through credit or refund) from the employees' tax under the Federal Insurance Contributions Act, and an equivalent reduction in self-employment tax, in the case of individuals who have attained age 65.

referredUnited States· United States Congress· EN

Introduced

3 January 1973

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides a full exemption (through credit or refund) from the employees' tax under the Federal Insurance Contributions Act, for purposes of title II of the Social Security Act (Old-Age, Survivors' and Disability Insurance) and an equivalent reduction in the self-employment tax, in the case of individuals who have attained age 65. (Amends 26 U.S.C. 1401)

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Documents

1 official file

Introduced in House
summary · EN · 3 January 1973
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/402
Open data entity: https://api.congress.gov/v3/bill/93/hr/402