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 the self-employment tax, in the case of individuals who have attained age 65.

referredUnited States· United States Congress· EN

Introduced

13 September 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code and title II of the Social Security Act with respect to an individual who has attained age 65 to provide for: (1) a reduced OASDI tax rate and a zero hospital tax rate on self-employment income; and (2) a full credit or refund of any FICA taxes and certain other employment taxes paid on wages received in or after the month of such 65th birthday.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 13 September 1979
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/96th-congress/house-bill/5276
Open data entity: https://api.congress.gov/v3/bill/96/hr/5276