United States · Bill · S
S. 1514 (100th)
A bill to amend the Internal Revenue Code of 1986 to treat similarly all tier 1 railroad retirement benefits for income tax purposes.
Introduced
21 July 1987
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
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.) Applies this change retrospectively to benefits payable in 1986 and thereafter.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 21 July 1987
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/1514
- Open data entity: https://api.congress.gov/v3/bill/100/s/1514