A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax for amounts representing teachers' retirement annuities attributable to services performed in a State which has not elected Social Security coverage for its employees.

openUnited States· United States Congress· EN

Introduced

29 April 1981

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Summary

Amends the Internal Revenue Code to provide an income tax credit for amounts representing teachers retirement annuities attributable to services performed in a State which has not elected social security coverage for its employees. Provides that such credit shall not exceed the maximum amount of benefits payable to a single individual under title II of the Social Security Act for a taxable year.

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Documents

1 official file

Introduced in Senate
summary · EN · 29 April 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1038
Open data entity: https://api.congress.gov/v3/bill/97/s/1038