A bill to amend the Internal Revenue Code of 1954 to allow a temporary refundable income tax credit to Federal employees covered under the social security system for the amount of their contributions under a Federal retirement system.

Summary

Amends the Internal Revenue Code to allow a refundable income tax credit for the amount of contributions made to the Federal retirement system by Federal employees newly covered under the social security system after December 31, 1983. Disallows such credit for contributions made to a Federal retirement system: (1) established after the enactment of this Act; or (2) modified after the enactment of this Act for purposes of coordinating such system with the social security system. Terminates such credit after December 31, 1985.

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Timeline

1. 22 June 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 June 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 27 June 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 22 June 1983

  Open at official source

Sponsors

• Sen. Stevens, Ted [R-AK] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to allow a temporary refundable income tax credit to Federal employees covered under the social security system for the amount of their contributions under a Federal retirement system.