A bill to amend the Internal Revenue Code of 1986 to treat similarly all tier 1 railroad retirement benefits for income tax purposes.

Summary

Amends the Internal Revenue Code definition of "tier 1 railroad retirement benefit" to delete provisions that tie the income tax treatment of certain railroad retirees to Social Security benefits to which such taxpayers would be entitled rather than to benefits actually received under the railroad retirement system. (Under current law, the amount such taxpayers receive in excess of the Social Security entitlement amount is taxed as regular income.)

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Timeline

1. 6 May 1987

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 6 May 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 6 May 1987

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• · ssfi00 · Standing

Related records

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